8:3

Computing ratioa) Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios: a. Current ratio b. Acid-test ratio c. Times interest earned d. Inventory tumover 6. Total asset turnover 1. Operating profit margin 9. Days in receivables h. Operating rotum on assets 1. Debt ratio 1. Return on equity k. Fixed asset turnover Accrued liabilities 69,000 Total current liabilities 160,000 Long-term debt Common stock 123,000 200,000 38,000 Retained earnings $ 521,000 Total liabilities and equity Income Statement Sales $ 214,000 (82,000) $ Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses 132,000 (30,000) (28,000) Income Statement Sales $ 214,000 (82,000) $ Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating profits 132,000 (30,000) (28,000) $ Interest expense 74,000 (5,000) Earnings before taxes $ Taxes 69,000 (14,490) Net income $ 54,510 12% of sales are cash sales