(Computing ratios) Use the information from the balance sheet and income statement in the popup window, 2 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 i. 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 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.) i. The debt ratio is %. (Round to one decimal place.) Enter your answer in each of the answer boxes. Data Table X 96,000 32,000 45,000 12,000 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 Common stock Retained earnings Total liabilities and equity $ 185,000 396,000 (61,000) $ 520,000 $ 95,000 69,000 $ 164,000 129,000 206,000 21,000 $ 520,000 Print Done Data Table (Computing ratios) Use the information from the balance sheet and income state Total current liabilities $ 164,000 129,000 Long-term debt Common stock 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. Fixed asset turnover k. Return on equity 206,000 21,000 Retained earnings $ 520,000 Total liabilities and equity Income Statement Sales $ c. The times interest earned is X. (Round to two decimal places.) 220,000 (81,000) Cost of goods sold d. The inventory turnover is X. (Round to two decimal places.) Gross profit $ 139,000 e. The total asset turnover X. (Round to two decimal places.) Selling, general, and administrative expenses Depreciation expenses Operating income (30,000) (26,000) f. The operating profit margin is %. (Round to one decimal place.) $ 83,000 g. The days in receivables are days. (Round to two decimal places.) Interest expense (15,000) h. The operating return on assets is %. (Round to one decimal place.) Earnings before taxes $ 68,000 Taxes (25,840) i. The debt ratio is%. (Round to one decimal place.) $ 42,160 Earnings available to common shareholders j. The fixed asset turnover is x. (Round to two decimal places.) k. The return on equity is %. (Round to one decimal place.) * 12% of sales are cash sales. Print Done Enter your answer in each of the answer boxes