Use the information from the balance sheet and income statement to calculate the following ratios: Round to 2 decimal places:

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. Fixed asset turnover

k. Return on equity

Income Statement Sales 214,000 (85,000) Cost of goods sold $ 129,000 Gross profit (31,000) Selling, general, and administrative expenses (21,000) Depreciation expenses $ 77,000 Operating income (9,000) Interest expense $ 68,000 Earnings before taxes (25,840) Taxes $ 42,160 Earnings available to common shareholders * 12% of sales are cash sales. Balance Sheet ASSETS $97,000 Cash 39,000 Accounts receivable 43,000 Inventory Prepaid expenses 12,000 $191,000 Total current assets Gross plant and equipment 403,000 -65,000 Accumulated depreciation $529,000 Total assets LIABILITIES AND OWNERS' EQUITY $86,000 Accounts payable Accrued liabilities 64,000 $150,000 Total current liabilities Long-term debt 124,000 209,000 Common stock Retained earnings Total liabilities and equity 46,000 $529,000