Question
The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash$510
The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:
J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash$510 Accounts receivable2,100 Inventories970 Current assets$3,580 Net fixed assets4,500 Total assets$8,080 Accounts payable$1,090 Accrued expenses650 Short-term notes payable320 Current liabilities$2,060 Long-term debt2,000 Owners' equity4,020 Total liabilities and owners' equity$8,080
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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