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(Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg.Company are given in the popup window Calculate the following ration: a. Current

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(Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg.Company are given in the popup window Calculate the following ration: a. Current ratio b. Operating return on assets c. Times interest earned d. Debt ratio e. Inventory turnover 1. Average collection period g. Total asset turnover h. Fixed asset turnover 1. Operating profit margin 1. Return on equity Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $ 479 2,025 1,011 $ 3,515 4,503 $ 8,018 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 1,079 612 292 $ 1,983 2,010 4,025 $ 8,018 Income Statement ($000) Sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $476 depreciation) Operating profits Interest expense Earnings before taxes Income taxes (21%) Net income $ 7,992 (3,307) $ 4,685 (2,985) $ 1,700 (365) $ 1,335 (280) $ 1,055

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