Q3. Calculate the following ratios from the Balance Sheet and the Income Statement given below: (1.5 Mark)

1. Current Ratio
2. Debt Ratio
3. Fixed asset turnover
4. Total asset turnover
5. Operating profit margin

Balance Sheet:
Cash		30,000
Acct/Rec		72,500
Inventories		50,000
Current assets		152,500
Net fixed assets		240,000
Total assets		392,500
Accts/Pay		44,500
Accrued expenses		31,000
Short-term N/P		9,500
Current liabilities		85,000
Long-term debt		110,000
Owner's equity		197,500
Total liabilities and owners equity		392,500
Income Statement:
Net sales		450,000
COGS		220,000
Gross profit		230,000
Operating expenses		128,000
Net operating income		102,000
Interest expense		18,500
EBT		83,500
Income taxes		33,000
Net income		50,500