(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 a. The current ratio is 1.24 X. (Round to two decimal places.) b. The acid-test ratio is .92 X. (Round to two decimal places.) c. The times interest earned is 8.13 X. (Round to two decimal places.) d. The inventory turnover is 1.8 X. (Round to two decimal places.) o. The total asset turnover 4x (Round to two decimal places.) f. The operating profit margin is 31%. (Round to one decimal place.) 9. The days in receivables are 52. 14 days (Round to two decimal places.) h. The operating return on assets is 12,4% (Round to one decimal place.) i. The debt ratio is 5%. (Round to one decimal place.) J. The fixed asset turnover is 52 X (Round to two decimal places.) k. The return on equity is 16.3%. (Round to one decimal place.) i Data Table the fc Balance Sheet ASSETS Cash $ Accounts receivable 100,000 30,000 50,000 10,000 Inventory Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation 190,000 401,000 (66,000) $ 525,000 Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable $ 90,000 63,000 argin Accrued liabilities Total current liabilities Long-term debt Common stock es ar 153,000 120,000 205,000 47.000 525.000 on as Retained earnings 5. (Rd $ Total liabilities and equity ver is Income Statement -is 16 Income Statement Sales* $ arned 210,000 (90,000) Wer is $ over Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating income 120,000 (29,000) (26,000) margir bles ar 65,000 (8,000) Interest expense Earnings before taxes in on as %. (RO Taxes 57,000 (16,000) 41,000 $ Earnings available to common shareholders over is * 12% of sales are cash sales. sy is 16