Question: please answer A-F (Computing ratios) Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios a.


(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 9. Days in receivables h. Operating return on assets I. Debt ratio J. Return on equity k. Fixed asset turnover a. The current ratio is [X (Round to two decimal places.) Data Table Balance Sheet ASSETS Cash $ 92,000 Accounts receivable 30,000 Inventory 43,000 Prepaid expenses Total current assets 12,000 $ 177,000 Gross plant and equipment Accumulated depreciation 399,000 (63,000) Total assets $ 513,000 LIABILITIES AND OWNERS' EQUITY Accounts payable S 85.000 Accrued liabilities 69,000 Total current liabilities $ 154,000 Long-term debt Common stock 121,000 207.000 Retained earnings 31,000 Total liabilities and equity s 513,000 Income Statement Sales S 216,000 (90,000) Cost of goods sold Gross profit Selling general and administrative expenses S 126,000 (30,000) Data Table Gross plant and equipment 399,000 Accumulated depreciation (63,000) Total assets $ 513,000 LIABILITIES AND OWNERS' EQUITY Accounts payable $ 85.000 Accrued liabilities 69,000 Total current liabilities 154.000 Long-term debt 121.000 Common stock 207.000 Retained earnings 31.000 Total liabilities and equity $ 513,000 Income Statement Sales $ 216 000 (90.000) $ 126.000 Cost of goods sold Gross profit Selling general, and administrative expenses Depreciation expenses (30,000) (22,000) Operating profits $ 74.000 Interest expense (15,000) Earnings before taxes s 59.000 (12390) Taxes Net income $ 46.610 * 12% of sales are cash sales Print Done CER
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