FIN101- Please read question carefully and answer original answer. no handwriting please I will rate you thanks for your efforts in advance.

Q3. Calculate the following ratios from the Balance Sheet and the Income Statement given below: (1.5 Mark) a. Current Ratio b. Debt Ratio c. Fixed asset turnover d. Total asset turnover e. Operating profit margin Balance Sheet: Cash Acct/Rec Inventories Current assets Net fixed assets Total assets 30,000 72,500 50,000 152,500 240,000 392,500 Accts/Pay Accrued expenses Short-term N/P Current liabilities Long-term debt Owner's equity Total liabilities and owners equity 44,500 31,000 9,500 85,000 110,000 197,500 392,500 450,000 220,000 230,000 128,000 Income Statement: Net sales COGS Gross profit Operating expenses Net operating income Interest expense Income taxes Net income 102,000 18,500 83,500 33,000 50,500