(Computing

ratios)

Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios.

LOADINto calculate the following ratios:

(Computing ratios) 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 turnover e. Total asset turnover 1. Operating profit margin g. Days in receivables h. Operating return on assets i. Debt ratio j. Fixed asset turnover k. Return on equity Data Table 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 $ 100,000 30,000 50,000 10,000 $ 190,000 401,000 (66,000) $ 525,000 $ 90,000 63,000 $ 153,000 120,000 205,000 47,000 $ 525,000 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 $ 210.000 (90,000) $ 120,000 (29,000) (26,000) $ 65,000 (8,000) $ 57.000 (16.000) 41,000 * 12% of sales are cash sales