Use the information from the balance sheet and income statementin the popup? window, LOADING...?,...

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Accounting

Use the information from the balance sheet and income statementin the popup? window, LOADING...?, to calculate the following?ratios: a. Current ratio b.? Acid-test ratio c. Times interestearned d. Inventory turnover e. Total asset turnover f. Operatingprofit margin g. Days in receivables h. Operating return on assetsi. Debt ratio j. Fixed asset turnover k. Return on equity
Balance Sheet ASSETS
Cash $93,000
Accounts receivable 40,000
Inventory 46,000
Prepaid expenses 11,000
Total current assets $190,000
Gross plant and equipment 397,000
Accumulated depreciation (63,000)
Total assets $524,000
LIABILITIES AND OWNERS' EQUITY
Accounts payable $95,000
Accrued liabilities 67,000
Total current liabilities $162,000
Long-term debt 125,000
Common stock 206,000
Retained earnings 31,000
Total liabilities and equity $524,000
Income Statement Sales* $217,000
Cost of goods sold (89,000)
Gross profit $128,000
Selling, general, and administrative expenses (32,000)
Depreciation expenses (29,000)
Operating income $67,000 Interest expense (14,000)
Earnings before taxes $53,000
Taxes (21,200)
Earnings available to common shareholders $31,800
* 12% of sales are cash sales.

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In: AccountingUse the information from the balance sheet and income statementin the popup? window, LOADING...?, to...Use the information from the balance sheet and income statementin the popup? window, LOADING...?, to calculate the following?ratios: a. Current ratio b.? Acid-test ratio c. Times interestearned d. Inventory turnover e. Total asset turnover f. Operatingprofit margin g. Days in receivables h. Operating return on assetsi. Debt ratio j. Fixed asset turnover k. Return on equityBalance Sheet ASSETSCash $93,000Accounts receivable 40,000Inventory 46,000Prepaid expenses 11,000Total current assets $190,000Gross plant and equipment 397,000Accumulated depreciation (63,000)Total assets $524,000LIABILITIES AND OWNERS' EQUITYAccounts payable $95,000Accrued liabilities 67,000Total current liabilities $162,000Long-term debt 125,000Common stock 206,000Retained earnings 31,000Total liabilities and equity $524,000Income Statement Sales* $217,000Cost of goods sold (89,000)Gross profit $128,000Selling, general, and administrative expenses (32,000)Depreciation expenses (29,000)Operating income $67,000 Interest expense (14,000)Earnings before taxes $53,000Taxes (21,200)Earnings available to common shareholders $31,800* 12% of sales are cash sales.