(Computing ratios) Use the information from the balance sheet and income statement in the popup window, E, to calculate the following ratios: 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 $ 99.000 Accounts receivable 40,000 49.000 11,000 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 Ox. (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.) Inventory Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation $ 199,000 402,000 (62,000) $ Total assets 539.000 $ 87.000 70.000 LIABILITIES AND OWNERS' EQUITY Accounts payable Accrued liabilities Total current liabilities Long-term debt Common stock 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.) $ 157.000 130.000 210,000 42.000 Retained earnings $ 539.000 Total liabilities and equity k. The fixed asset turnover is x (Round to two decimal places.) Income Statement Sales" $ 210,000 (83,000) $ 127,000 (27.000) (20,000) Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating profits Interest expense Earnings before taxes Taxes $ 80,000 (14,000) $ 66,000 (13,860) 52,140 $ Net income * 12% of sales are cash sales. Print Done Print Done