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There are 9 parts remaining but I can not see them until I answer question 1. Not sure if anyone can help me with the
There are 9 parts remaining but I can not see them until I answer question 1. Not sure if anyone can help me with the rest after in the comments?
(Calculating financial ratios) 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 The company's current ratio is (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. 9 parts remaining Clear All $7,990 (3,230) $4,760 J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $500 depreciation) Net operating income Interest expense Earnings before taxes Income taxes (35%) Net income (3,040) $1,720 (368) $1,352 (473) $879 J. P. Robard Mfg., Inc. Balance Sheet($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $510 1,970 1,040 $3,520 4,550 $8,070 Accounts payable $1,070 Accrued expenses 600 Short-term notes payable 340 Current liabilities $2,010 Long-term debt 1,960 Owners' equity 4,100 Total liabilities and owners' equity $8,070 (Click on the icon in order to copy its contents into a spreadsheet)Step by Step Solution
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