Carson? Electronics' management has long viewed BGT Electronics as an industry leader and uses this firm as a model firm for analyzing its own performance. The balance sheets and income statements for the two firms are found?

Balance Sheet ($000) Carson Electronics, Inc. BGT Electronics, Inc.

Cash $2,010 $1,550

Accounts receivable 4500 6010

Inventories 1490 2470

Current assets $8,000 $10,030

Net fixed assets 15950 24990

Total assets $23,950 $35,020

Accounts payable $2,490 $4,970

Accrued expenses 950 1530

Short-term notes payable 3530 1550

Current liabilities $6,970 $8,050

Long-term debt 8000 4020

Owners' equity 8980 22950

Total liabilities and owners' equity $23,950 $35,020

Income Statement ($000)	Carson Electronics, Inc.	BGT Electronics, Inc.
Net sales (all credit)	$47,970	$69,990
Cost of goods sold	(36,040)	(42,010)
Gross profit	$11,930	$27,980
Operating expenses	(8,010)	(12,040)
Net operating income	$3,920	$15,940
Interest expense	(1,100)	(570)
Earnings before taxes	$2,820	$15,370
Income taxes (35%)	(987)	(5,380)
Net income	$1,833	$9,990

a.??Calculate the following ratios for both Carson and? BGT: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity

b. Analyze the differences you observe between the two firms. Comment on what you view as weaknesses in the performance of Carson as compared to BGT that? Carson's management might focus on to improve its operations.

a. Calculate the following ratios for both Carson and? BGT: ?Carson's current ratio is nothing. ?(Round to two decimal? places.)