* ubt.blackboard.com/ultra/courses/_3675_1/outline/assessm X Balance Sheet (000) Cash $500 Accounts receivable 1,500 Inventories 500 Current assets 2,500 Net fixed assets 5,000 Total Assets 7,500 Accounts payable 1,200 Bank note 300 Total current liabilities 1,500 Long term debt 4,000 Common stock 300 Retained earnings 1,700 Total liabilities and owners' equity $7,500 D KA Income Statement (000) Sales $8,000 Cost of goods sold (3,100) Gross profit 4,900 Operating expenses (2,500) Net operating income 2,400 Interest expense (580) Earnings before taxes 1,820 Income tax (551) Net income $1,269 3 IH Compute the following ratios: Current ratio, Acid test ratio, Debt ratio, Total asset turnover, Operating profit margin, Times interest earned, Inventory turnover. 43 minutes remaining Last save