$($Ratio analysis$)$ The balance sheet and income statement for the A$.$ Thiel Mfg$.$ Company are given in the popup$$ window: LOADING.... Calculate the following$$ ratios:

a$.$ Current ratio

b$.$ Operating return on assets

c$.$ Times interest earned

d$.$ Debt ratio

e$.$ Inventory turnover

f$.$ Average collection period

g$.$ Total asset turnover

h$.$ Fixed asset turnover

i$.$ Operating profit margin

j$.$ Return on equity

Question content area bottom

Part $1$

a$.$ The current ratio is

$$

enter your response hereX. $($Round to two decimal$$ places.$)$Balance Sheet$($$$000)$

Cash

$ $487$

Accounts receivable

$2$ comma $005$

Inventories

$1$ comma $047$

Current assets

$ $3$ comma $539$

Net fixed assets

$4$ comma $486$

Total assets

$ $8$ comma $025$

Accounts payable

$ $1$ comma $080$

Accrued expenses

$604$

$$Short$-$term notes payable

$288$

Current liabilities

$ $1$ comma $972$

$$Long$-$term debt

$2$ comma $010$

$$Owners$\text{'}$ equity

$4$ comma $043$

Total liabilities and$$ owners' equity

Modifying $ $8$ comma $025$ with double underline

$($Click on the following icon in order to copy its contents into a$$ spreadsheet.$)$

Income Statement$($$$000)$

Sales$($all credit$)$

$ $7$ comma $997$

Cost of goods sold

$(3$ comma $288)$

Gross profit

$ $4$ comma $709$

Operating expenses$($includes $ $493$depreciation$)$

$(2$ comma $994)$

Operating profits

$ $1$ comma $715$

Interest expense

$(341)$

Earnings before taxes

$ $1$ comma $374$

Income taxes $(21\%)$

$(289)$

Net income

Modifying $ $1$ comma $085$ with double underline nbsp