The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: 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 Cash $510 Accounts receivable 2,060 Inventories 950 Current assets $3,520 Net fixed assets $4,490 Total assets $8,010 Accounts payable $1,100 Accrued expenses 630 Short-term notes payable 310 Current liabilities $2,040 Long-term debt 2,080 Owners equity 3,890 Total liabilities and owners' equity $8,010 Net Sales (all credit) $7,970 Cost of goods sold (3,240) Gross profit $4,730 Operating expenses (includes $500 depreciation) (2,960) Net operating income (1,770 Interest expense (364) Earnings before taxes $1,406 Income taxes (35%) (492) Net Income $914