(Computing ratios) Use the information from the balance sheet and income statement in the popup window, to 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 f. Operating profit margin g. Days in receivables h. Operating return on assets 1. Debt ratio j. Fixed asset turnover k. Return on equity a. The current ratio is x. (Round to two decimal places.) b. The acid-test ratio is IX (Round to two decimal places.) c. The times interest earned is x. (Round to two decimal places.) d. The inventory turnover is IX (Round to two decimal places.) o. The total asset tumover IX. (Round to two decimal places.) 1. The operating profit margin is 1% (Round to one decimal place.) 9. The days in receivables are days. (Round to two decimal places.) h. The operating return on assets is %. (Round to one decimal place.) 1. The debt ratio is % (Round to one decimal place.) ). The fixed asset turnover is IX (Round to two decimal places.) k. The return on equity is 1%. (Round to one decimal place.) 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 $ 90,000 35,000 42,000 13,000 $ 180,000 399,000 (69,000) $ 510,000 $ 95,000 68,000 $ 163,000 126,000 206,000 15,000 $ 510,000 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 12% of sales are cash sales. $ 218,000 (89,000) $ 129,000 (27,000) (25,000) $ 77,000 (11,000) $ 66.000 (26,400) $ 39,600