The balance sheet and income statement for the A. Thiel Mfg. Company are given

. 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. Thiel Mfg. Company Balance Sheet ($000)

Cash

$ 497

Accounts receivable

1,982

Inventories

1,034

Current assets

$ 3,513

Net fixed assets

4,494

Total assets

$ 8,007

Accounts payable

$ 1,084

Accrued expenses

606

Short-term notes payable

292

Current liabilities

$ 1,982

Long-term debt

2,020

Owners' equity

4,005

Total liabilities and owners' equity

$ 8,007

A. Thiel Mfg. Company Income Statement ($000)
Net sales (all credit)	$ 8,012
Cost of goods sold	(3,307)
Gross profit	$ 4,705
Operating expenses (includes $504depreciation)	(3,010)
Operating income	$ 1,695
Interest expense	(330)
Earnings before taxes	$ 1,365
Income taxes (40 %40%)	(546)
Net income	$ 819