The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:

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. Calculate the following ratios:

Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin

Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity

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Part 1

The company's current ratio is

enter your response here.

(Round to two decimal places.)

The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:

LOADING...

. Calculate the following ratios:

Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin

Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity

Question content area bottom

Part 1

The company's current ratio is

enter your response here.

(Round to two decimal places.) J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash $510 Accounts receivable 2,100 Inventories 1,080 Current assets $3,690 Net fixed assets 4,430 Total assets $8,120 Accounts payable $1,180 Accrued expenses 640 Short-term notes payable 260 Current liabilities $2,080 Long-term debt 1,930 Owners' equity 4,110 Total liabilities and owners' equity $8,120