(Computing

ratios)

Use the information from the balance sheet and income statement in the popup window,

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,

to calculate the following ratios: Please just solve letters H, I, J, K. Thank you

h. The operating return on assets is %. (Round to one decimal place.) i. The debt ratio is ]%. (Round to one decimal place.) j. The fixed asset turnover is X. (Round to two decimal places.) k. The return on equity is %. (Round to one decimal place.) Balance Sheet ASSETS Cash Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 90,000 35,000 42,000 13,000 $ 180,000 399,000 (69,000) $ 510,000 $ 95,000 68,000 $ 163,000 126,000 206,000 15,000 $ 510,000 Income Statement Sales Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating income Interest expense Earnings before taxes Taxes Earnings available to common shareholders 12% of sales are cash sales. $ 218,000 (89,000) $ 129,000 (27,000) (25,000) $ 77,000 (11,000) $ 66.000 (26,400) $ 39,600