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

J. P. Robard Mfg., Inc. Balance Sheet($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $460 1,910 960 $3,330 4,520 $7.850 Accounts payable $1,010 Accrued expenses 600 Short-term notes payable 310 Current liabilities $1,920 Long-term debt 2,050 Owners' equity 3,880 Total liabilities and owners' equity $7,850 Click on the icon in order to copy its contents into a spreadsheet.) (Click on the icon in order to copy its contents into a spreadsheet.) J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) $8,050 Cost of goods sold (3,340) Gross profit $4,710 Operating expenses (includes $500 (3,060) depreciation) Net operating income $1,650 Interest expense (358) Earnings before taxes $1,292 Income taxes (35%) (452) Net income $840 (Click on the icon in order to copy its contents into a spreadsheet.)