(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 i. Debt ratio j. Return on equity k. Fixed asset turnover $ Balance Sheet ASSETS Cash Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation 92,000 39,000 43,000 13,000 $ 187,000 400,000 (67,000) $ 520,000 $ 94,000 63,000 Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 157,000 121,000 201,000 41,000 $ 520,000 Income Statement Sales* $ 219,000 (81,000) 138,000 (35,000) (27,000) Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating profits Interest expense Earnings before taxes Taxes $ 76,000 (12,000) 64,000 (13,440) 50,560 $ Net income 12% of sales are cash sales