The balance sheet and income statement for the A. Thiel Mfg. Company are as follows:

Balance Sheet ($000)

Cash ........................................... $ 500

Accounts receivable ......................... 2,000

Inventories .................................... 1,000

Current assets ............................... $3,500

Net fixed assets .............................. 4,500

Total assets .................................. $8,000

Accounts payable ........................... $1,100

Accrued expenses .............................. 600

Short-term notes payable ..................... 300

Current liabilities ........................... $2,000

Long-term debt ............................... 2,000

Owners' equity ............................... 4,000

Total liabilities and owners' equity ....... $8,000

Income Statement ($000)

Sales (all credit) .......................................... $8,000

Cost of goods sold ..................................... (3,300)

Gross profit ............................................... $4,700

Operating expenses (includes $500 depreciation) .. (3,000)

Operating profits ........................................ $1,700

Interest expense ........................................... (367)

Earnings before taxes .................................. $1,333

Income taxes (40%) ...................................... (533)

Net income ................................................ $ 800

Calculate the following ratios:

Current ratio ..................................... Operating return on assets

Times interest earned ............................................... Debt ratio

Inventory turnover ....................................... Days in receivables

Total asset turnover ..................................... Fixed-asset turnover

Operating profit margin ...................................... Return on equity