(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 f. Operating profit margin g. Days in receivables h. Operating return on assets . Debt ratio j. Return on equity k. Fixed asset turnover ..... 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.) 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.) g. The days in receivables are days. (Round to two decimal places.) h. The operating return on assets is %. (Round to one decimal place.) Data Table 98,000 40,000 49,000 18,000 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 $ 205,000 404,000 (64,000) $ 545,000 93,000 64,000 $ 157,000 124,000 Data Table 49,000 18,000 $ 205,000 404,000 (64,000) $ 545,000 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 $ 93,000 64,000 $ 157,000 124,000 210,000 54,000 545,000 Itatamant Income Statement Sales $ 219,000 (82,000) $ 137,000 (27,000) (28,000) $ Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating profits Interest expense Earnings before taxes Taxes Net income * 12% of sales are cash sales. 82,000 (13,000) 69,000 (14,490) $ 54,510