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

J. P. Robard Mfg., Inc. Balance Sheet ($000)
Cash	$450
Accounts receivable	2,060
Inventories	920
Current assets	$3,430
Net fixed assets	4,430
Total assets	$7,860
Accounts payable	$1,000
Accrued expenses	560
Short-term notes payable	250
Current liabilities	$1,810
Long-term debt	1,900
Owners' equity	4,150
Total liabilities and owners' equity	$7,860

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J. P. Robard Mfg., Inc. Income Statement ($000)
Net sales (all credit)	$7,930
Cost of goods sold	(3,240)
Gross profit	$4,690
Operating expenses (includes $500 depreciation)	(2,910)
Net operating income	$1,780
Interest expense	(355)
Earnings before taxes	$1,425
Income taxes (35%)	(499)
Net income