Use the information from the balance sheet and income statement to calculate the following ratios:

a. Current ratio

b. Acid-test ratio

c. Times interest earned

d. Inventory turnover

e. Total asset turnover

f. Operating profit margin

g. Days in receivables

h. Operating return on assets

i. Debt ratio

j. Return on equity

k. Fixed asset turnover

$ 93,000 32,000 48,000 10,000 $ 183,000 403,000 (67,000) Balance Sheet ASSETS Cash Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 519,000 $ 87,000 63,000 $ 150,000 128,000 210,000 31,000 $ 519,000 Income Statement Sales* $ 215,000 (86,000) $ 129,000 (29,000) (22,000) Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating profits Interest expense Earnings before taxes Taxes $ 78,000 (8,000) $ 70,000 (14,700) 55,300 $ Net income * 12% of sales are cash sales