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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 ratios:
(Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg. Company are given in the popup window: . Calculate the following ratios: a. Current ratio b. Operating return on assets c. Times interest earned d. Debt ratio e. Inventory turnover f. Average collection period g. Total asset turnover h. Fixed asset turnover i. Operating profit margin j. Return on equity a. The current ratio is X. (Round to two decimal places.) Click on the following icon in order to copy its contents into a spreadsheet. Income Statement ($000) \begin{tabular}{lc} \hline Sales (all credit) & $8,003 \\ Cost of goods sold & (3,290) \\ \cline { 2 } Gross profit & $4,713 \\ Operating expenses (includes $486 depreciation) & (3,011) \\ Operating profits & $1,702 \\ Interest expense & (346) \\ Earnings before taxes & $1,356 \\ Income taxes (21%) & $1,071(285) \\ Net income & $ \end{tabular}
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