(Computing ratios) Use the information from the balance sheet and income statement in the popup window....

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(Computing ratios) Use the information from the balance sheet and income statement in the popup window. 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 1. Debt ratio J. Return on equity k. Fixed asset turnover a. The current ratio is (Round to two decimal places.) to calculate the following ratios: 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 $ $ $ $ $ 98,000 34,000 44,000 18,000 194,000 403,000 (68,000) 529,000 89,000 61,000 150,000 122,000 206,000 51,000 529,000 Income Statement Sales* 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. $ $ $ $ $ 217,000 (83,000) 134,000 (32,000) (30,000) 72,000 (10,000) 62,000 (13,020) 48,980 (Computing ratios) Use the information from the balance sheet and income statement in the popup window. 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 1. Debt ratio J. Return on equity k. Fixed asset turnover a. The current ratio is (Round to two decimal places.) to calculate the following ratios: 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 $ $ $ $ $ 98,000 34,000 44,000 18,000 194,000 403,000 (68,000) 529,000 89,000 61,000 150,000 122,000 206,000 51,000 529,000 Income Statement Sales* 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. $ $ $ $ $ 217,000 (83,000) 134,000 (32,000) (30,000) 72,000 (10,000) 62,000 (13,020) 48,980

Answer rating: 100% (QA)

a Current ratio Current ratio Current assets Current liabilities Current ratio 194000 150000 Current ... View the full answer