Problem 4-16 (similar to) (Computing ratios) Use the information from the balance sheet an Data Table Balance Shoot ASSETS Cash 90,000 38,000 49,000 18,000 a. Current ratio b. Acid-test ratio C. Times interest eamed d. Inventory turnover o. Total asset turnover 1. Operating profit margin g. Days in receivables h. Operating return on assets 1. Debt ratio 1. Return on equity k. Fixed asset turnover c. The times interest eames 1.57X Kong to two decima place d. The inventory tumover is 1.76X (Round to two decimal places) e. The total asset turnover 0.41X (Round to two decimal places) 1. The operating profit margin is 37.7% (Round to one decimal plac 9. The days in receivables are 73:31' days. (Round to two decimal h. The operating return on assets is 15.8%. (Round to one decimal The debt ratio is % (Round to one decimal place) $ 195,000 395,000 (70,000 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 debit $ 520,000 $ 86,000 64,000 $ 150,000 124,000 Enter your answer in the answer box and then click Check Answ Print Done 2 Parts remaining Clear All Check Answer Victoria Michler rk: Chapter 4 Homework 7 of 11 (2 complete) HW (simila i Data Table 1 Use the infor arned wer ver LIABILITIES AND OWNERS' EQUITY Accounts payable $ 86,000 64,000 margin bles non assets $ 150,000 Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity nover st earned is 1 124,000 202,000 44,000 520,000 $ mover is 1.76 Income Statement turnover 0.41 Sales* $ rofit margin is ceivables are 75 $ Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expenses Operating profits 215,000 (86,000) 129,000 (25,000) (23,000) return on assets %. (Round $ 81,000 er in the answer Print Done Clear All Celebrity Cruises BIEBETEN Xon BOOK NOW Choose ones to round a number to the nearest dollar 347342&questionid=1&flusher 2101-08-MONDAY NIGHT - INTRO TO FINANCE - SPRING 2021 12% cash sales Viccona Merena mework: Chapter 4 Homework 0 of 1 pt em 4-16 (simila 7 of 11 (2 complete) HW Score: 18.1 Data Table uting ratios) Use the infor Questi lowing ra SUD ZULU Retained earings 44,000 Total liabilities and equity $ 520.000 rent ratio B-test ratio es Interest earned entory tumover al asset turnover arating profit margin wys in receivables erating return on assets t ratio um on equity ed asset turnover aumes interest eamed is Income Statement Sales Cost of goods sold Gross profit Selling, general and administrative expenses Depreciation expenses Operating profits Interest expense Earnings before taxes $ 215,000 (86,000) $ 129.000 (25,000) (23,000) e inventory turnover is 1.76 total asset turnover 0.41 $ operating profit margin is 81.000 7.000) days in receivables are 73 $ Taxos 74,000 (15,540) 58.460 he operating retum on assets Not income $ e debt ratio is (Round 12% of sales are cash sales your answer in the answer Print Done arts emaining Get going SC 2021- M mal place. Choose ones to round a number to the nearest dollar my shar G