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updated to include data box, thanks! (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:
updated to include data box, thanks!
(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: B 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 The company's current ratio is (Round to two decimal places.) J. P. Robard Mfg., Inc. Balance Sheet (5000) The company's times interest earned istimes. (Round to two decimal places.) The company's inventory turnover is times. (Round to two decimal places.) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $480 2,010 1,070 $3,560 4,510 $8,070 The company's total asset turnover is. (Round to two decimal places.) The company's operating profit margin is %. (Round to one decimal place.) The company's operating return on assets is %. (Round to one decimal place.) The company's debt ratio is%. (Round one decimal place.) The company's average collection period is days. (Round to one decimal place.) Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $1,060 620 330 $2,010 2,070 3,990 $8.070 The company's fixed asset turnover is (Round to two decimal places.) The company's return on equity is %. (Round to one decimal place.) D $7.990 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 (3,220) $4.770 (2.960) $1,810 (367) $1,443 (505) $938 Print Done Enter your answer in each of the answer boxesStep by Step Solution
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