Save Homework: 4-2 MyFinanceLab Assignment 9 of 12 16 complete P4-26 (similar to) Score: 0 of 4 pts HW Score: 26%, 13 of 50 pts Question Help 0 (Financial statement analysis) Carson Electronics' management has long viewed BGT Electronics as an industry leader and use this firm as a model fimm for analyzing its own performance. The balance sheets and income statements for the two firms are found here: a. Calculate the following ratios for both Carson and BGT Current ratio Operating return on assets Times interest earned Debt ratio Inventory tumover Average collection period Total asset turnover Fixed asset lumover Operating profit margin Return on equity b. Analyze the differences you observe between the two firms Comment on what you view as weaknesses in the performance of Carson as compared to BGT that Carson's management might focus on to improve its operations a. Calculate the following ralios for both Carson and BGT: Carson's current ratio is Round to two decimal paces. i Data Table Cash Accounts receivable Inventaries Current assets Net fixed assets Total assets Carson Electronics, Inc. Balance Sheet (5000) $2.000 4.520 1.490 SB 010 16 000 $24.010 BGT Electronics, Inc. Balance Sheet (5000) $1.480 6,030 2,480 $9,990 25,040 $35,030 Accounts payable Accrued expenses Short-term roles payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $2 520 1.050 3520 $7090 7,980 8.940 $5,050 1,550 1.550 $8,150 3.950 22,930 $35.030 $24.010 Net sales (all credit) Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Income taxes (35%) Net Income Carson Electronics, Inc. Income Statement ($000) $48,030 (35,970) $12,060 (8,010) $4,050 (1.190) $2,860 (1.001) $1,859 BGT Electronics, Inc. Income Statement (5000) $70,040 (41,950) $28,090 (12,010) $16.080 (520) $15,560 (5,446) $10,114 Print Done Enter your answer in the answer box and then click Check Answer 23 remaining Clear A Check And