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/4-6. (Ratio analysi) The balance sheet and income statem ent for the J. P. Robard...

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Accounting

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/4-6. (Ratio analysi) The balance sheet and income statem ent for the J. P. Robard Mfg. Company are as follows: BALANCE SHEET (S000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 500 2,000 1,000 $3,500 4,500 58,000 $1,100 600 $2,000 2,000 4,000 $8,000 INCOME STATEMENT ($000) Sales (all credit) 3s Cost of goods sold Gross profit Operating expenses (includes $500 depreciation) Operating profits Interest expense Earnings before taxes Income taxes (40%) Net income $8,000 (3,300) 4,700 (3,000) $1,700 - (367) $1,333 (533) $ 800 Calculate the following ratios: Current ratio Operating return on assets Debt ratio Average collection period Fixed-asset turnover Return on equity Inventory turnover Total asset turnover Operating profit margin

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