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Part $1$

$($Calculating financial$$ ratios$)$ The balance sheet and income statement for the J$.$ P$.$ Robard Manufacturing Company are as$$ follows: LOADING.... Calculate the following$$ ratios:

Current ratio

Operating return on assets

Times interest earned

Debt ratio

Inventory turnover

Average collection period

Total asset turnover

Fixed asset turnover

Operating profit margin

Return on equity

$($Hint$$: Use a$365-$day year.$)$

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Part $1$

The$$ company's current ratio is