The company's current ratio ________ (Round to two decimal places)...

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[Calculating financial ratios} The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: 1. Calculate the following ratios: Current ratio Operating return on assets Tlm es interest earned Debt ratio Inventory turnover Average collection period Total asset turnover Fixed asset turnover Operating profit margin Return on equity ... Show more

The company's current ratio ________ (Round to two decimal places)

The company's times interest earned is ________ times. (Round to two decimal places)

The company's inventory turnover is _________ times (Round to two decimal places)

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 to one decimal place)

The company's average collection period is ________ days (Round to one decimal place)

The company's fixed asset turnover is ________  (Round to two decimal places)

The company's return on equity is _________ % (Round to one decimal place)

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J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash $460 Accounts receivable 1,980 Inventories 950 Current assets $3,390 Net fixed assets 4,590 Total assets $7,980 Accounts payable $1,020 Accrued expenses 580 Short-term notes payable 330 Current liabilities $1,930 Long-term debt 1,930 Owners' equity 4,120 Total liabilities and owners' equity $7,980... Show more

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J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) $8,030 Cost of goods sold (3,360) Gross profit $4,670 Operating expenses (includes $500 depreciation) (3,040) Net operating income $1,630 Interest expense (357) Earnings before taxes $1,273 Income taxes (35%) (446) Net income $827... Show more