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

Data table J. P. Robard Mfg., Inc. Balance Sheet (5000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $520 2,090 1,040 $3,650 4,430 $8,080 Accounts payable $1,130 Accrued expenses 640 Short-term notes payable 340 Current liabilities $2,110 Long-term debt 2,090 Owners' equity 3,880 Total liabilities and owners' equity $8,080 (Click on the icone in order to copy its contents into a spreadsheet.) J.P. Robard Mfg., Inc. Income Statement (5000) Net sales (all credit) $7,910 Cost of goods sold (3,270) Gross profit $4,640 Operating expenses (includes $500 (2,910) depreciation) Net operating income $1,730 Interest expense (354) Earnings before taxes $1,376 Income taxes (40%) (550) Net income $826 (Click on the icone in order to copy its contents into a spreadsheet.) Print Done