Tabor Company has just prepared the following comparative annual financial statements for the current year: TABOR COMPANY Comparative Income Statement For the Years Ended December 31 Sales revenue (one-half on credit) Cost of goods sold Gross profit Expenses (including $4,600 interest expense each year) Pretax income Income tax expense (30%) Net incone Current Year Prior Year $128,700 $ 126,500 59,800 62,400 66,700 66,300 46,000 48,100 20,700 18,200 6,210 5,460 $ 14,490 $ 12,740 Assets Cash Accounts receivable o Inventory Property & equipment (net) Total assets Liabilities. Accounts payable Income taxes payable Note payable, long-term Stockholders' equity Capital stock ($5 par value) Retained earnings TABOR COMPANY Comparative Balance Sheet At December 31 Current Year Prior Year Total liabilities and stockholders' equity Required: $ 49,800 41,500 25,600 $ 22,050 33,500 96,500 39,200 108,000 $213,400 $202,750 $ 43,500 1,300 43,000 $ 37,100 650 43,000 91,500 34,100 $213,400 93,000 29,000 $202,750 1. Using average balances for balance sheet accounts and year-end balances for all income statement accounts, compute the following ratios for the current year: Assume cash flows from operating activities were $15,200 and cash paid for interest was $4,100. Note: Round your intermediate calculations and final answers to 2 decimal places. RATIO Total asset turnover ratio i Fixed asset turnover ratio Receivables turnover ratio Inventory turnover ratio: Current ratio Quick ratio Cash ratio Times interest eamed ratio Cash coverage ratio Debt to equity ratio TABOR COMPANY