8:3

need help on g, h, i, j, & k

(Computing ratios) Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios: a. Current ratio Balance Sheet ASSETS Cash $ 92,000 Accounts receivable 32,000 Inventory 49,000 16,000 Prepaid expenses Total current assets Gross plant and equipment $ 189,000 399,000 (67,000) Accumulated depreciation $ 521,000 Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable $ 91,000 69,000 Accrued liabilities Total current liabilities $ 160,000 123.000 Long-term debt Common stock 200,000 Common stock 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 Operating profits 132,000 (30,000) (28,000) $ 74,000 (5,000) Interest expense Earnings before taxes $ 69,000 (14,490) Taxes $ 54,510 Net income 12% of sales are cash sales. 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 1. Debt ratio J. Return on equity k. Fixed asset turnover a. The current ratio is 1.18 X. (Round to two decimal places.) b. The acid-test ratio is 78 X. (Round to two decimal places.) c. The times interest eamed is 14.8 X. (Round to two decimal places.) d. The inventory turnover is 1.67 X. (Round to two decimal places.) e. The total asset turnover 41 X. (Round to two decimal places.) f. The operating profit margin is 34.6 %. (Round to one decimal place.) g. The days in receivables are days. (Round to two decimal places.)