= Homework: 2-1 MyFinanceLab Assignment Question 13, P4-25 (similar to) Part 1 of 10 HW Score: 50%, 25 of 50 points O Po

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Homework 2 1 Myfinancelab Assignment Question 13 P4 25 Similar To Part 1 Of 10 Hw Score 50 25 Of 50 Points O Po 1 (80.16 KiB) Viewed 234 times

= Homework: 2-1 MyFinanceLab Assignment Question 13, P4-25 (similar to) Part 1 of 10 HW Score: 50%, 25 of 50 points O Points: 0 of 4 Save (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Calculate the following ratios: Х Data table Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity J. P. Robard Mfg., Inc. Balance Sheet (9000) Cash Accounts receivable Inventories Current assets Net fixed assets $480 2.070 960 $3,510 4,530 The company's current ratio is (Round to two decimal places.) Total assets $8,040 Accounts payable $1,010 Accrued expenses 610 Short-term notes payable 300 Current liabilities $1,920 Long-term debt 2,090 Owners' equity 4,030 Total liabilities and owners' equity $8,040 (Click on the icon in order to copy its contents into a spreadsheet.) J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $500 depreciation) Net operating income Interest expense $8,010 (3.250) $4,760 (2,980) $1,780 (355) Print Done Help me solve this View an example Get more help Check answer