Question: ANY help will be appreciated! (Computing ratios) Use the intormation trom the balance sheet and income statement in the popup window, a. Current ratio b.



ANY help will be appreciated!
(Computing ratios) Use the intormation trom the balance sheet and income statement in the popup window, 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 a. The current ratio is x. (Round to two decimal places.) b. The acid-test ratio is X. (Round to two decimal places.) c. The times interest earned is X. (Round to two decimal places.) d. The inventory turnover is X. (Round to two decimal places.) e. The total asset turnover X. (Round to two decimal places.) f. The operating profit margin is %. (Round to one decimal place.) g. The days in receivables are days. (Round to two decimal places.) h. The operating return on assets is \%. (Round to one decimal place.) i. The debt ratio is %. (Round to one decimal place.) j. The return on equity is %. (Round to one decimal place.) k. The fixed asset turnover is X. (Round to two decimal places.) Balance Sheet ASSETS Cash $95,000 Accounts receivable 37,000 Inventory 49,000 Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation Total assets 395,000(69,000)$527,000 LIABILITIES AND OWNERS' EQUITY Accounts payable $94,000 Accrued liabilities Total current liabilities $164,00070,000 Long-term debt 121,000 Common stock Retained earnings Total liabilities and equity 209,00033,000$527,000 Income Statement Sales * Cost of goods sold Gross profit $217,000(85,000)$132,000 Selling, general, and administrative expenses (33,000) Depreciation expenses Operating profits $69,000(30,000) Interest expense Earnings before taxes $58,000(11,000) Taxes Net income * 12% of sales are cash sales
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