(Computing ratios) Use the information from the balance sheet and income statement in the popup window, , to calculate the following ratios: 1 - Data table 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 Balance Sheet ASSETS Cash $ 90,000 Accounts receivable 31,000 Inventory Prepaid expenses Total current assets 46,000 14,000 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.) Gross plant and equipment Accumulated depreciation $ 181,000 405,000 (62,000) $ 524,000 Total assets LIABILITIES AND OWNERS' EQUITY d. The inventory turnover is X. (Round to two decimal places.) Accounts payable $ e. The total asset turnover X. (Round to two decimal places.) ( e 92,000 61,000 Accrued liabilities f. The operating profit margin is %. (Round to one decimal place.) Total current liabilities g. The days in receivables are days. (Round to two decimal places.) Long-term debt $ 153,000 126,000 200,000 45,000 Common stock h. The operating return on assets is %. (Round to one decimal place.) Retained earnings $ 524,000 Total liabilities and equity i. The debt ratio is %. (Round to one decimal place.) j. The return on equity is %. (Round to one decimal place.) Income Statement k. The fixed asset turnover is X. (Round to two decimal places.) Sales* $ 216,000 (88,000) $ 128,000 Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating profits (25,000) (20,000) $ 83,000 (6,000) Interest expense Earnings before taxes $ 77,000 Taxes (16,170) $ 60,830 Net income * 12% of sales are cash sales. %