Data Table (Computing ratios) Use the information from the balance sheet and income statement in the pa Total current liabilities $ 164,000 Long-term debt 129.000 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 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.) 206,000 21,000 Retained earnings $ Total liabilities and equity 520,000 Income Statement Sales" $ 220,000 (81,000) $ 139,000 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.) Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating income (30,000) (26,000) $ e. The total asset turnover X. (Round to two decimal places.) 83,000 (15,000) Interest expense f. The operating profit margin is %. (Round to one decimal place.) Earnings before taxes $ 68,000 g. The days in receivables are days. (Round to two decimal places.) Taxes (25,840) $ 42,160 h. The operating return on assets is %. (Round to one decimal place.) Earnings available to common shareholders 12% of sales are cash sales. i. The debt ratio is%. (Round to one decimal place.) Print Done Enter your answer in each of the answer boxes. ? (Computing ratios) Use the information from the balance sheet and income statement in Data Table Balance Sheet ASSETS 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 Cash $ 96,000 Accounts receivable 32,000 Inventory 45,000 12,000 Prepaid expenses a. The current ratio is x. (Round to two decimal places.) Total current assets $ 185,000 Gross plant and equipment b. The acid-test ratio is X. (Round to two decimal places.) 396,000 (61,000) Accumulated depreciation $ 520,000 Total assets 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.) LIABILITIES AND OWNERS' EQUITY Accounts payable $ 95,000 Accrued liabilities 69,000 f. The operating profit margin is %. (Round lecimal ace.) Total current liabilities $ 164,000 g. The days in receivables are days. (Round to two decimal places.) Long-term debt 129,000 Common stock h. The operating return on assets is %. (Round to one decimal place.) 206,000 21,000 Retained earnings i. The debt ratio is %. (Round to one decimal place.) $ 520,000 Total liabilities and equity Enter your answer in each of the answer boxes. Print Done