(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:Operating return on assetsDebt ratioAverage collection periodFixed asset turnoverReturn on equityCurrent ratioTimes interest earnedInventory turnoverTotal asset turnoverOperating profit marginThe company's current ratio is(Round to two decimal places.).Calculate the following ratios: Data tableCashAccounts receivableInventoriesCurrent assetsNet fixed assetsTotal assetsJ. P. Robard Mfg., Inc.Balance Sheet ($000)Accounts payableAccrued expensesShort-term notes payableCurrent liabilitiesLong-term debtOwners' equity$5401,9701,050$3,5604,570$8,130$1,110650290$2,0501,9904,090$8,130Total liabilities and owners' equity(Click on the icon in order to copy its contents into a spreadsheet.)

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The company's current ratio is (Round to two decimal places.)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 52CE: Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow....

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Question

(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:
Operating return on assets
Debt ratio
Average collection period
Fixed asset turnover
Return on equity
Current ratio
Times interest earned
Inventory turnover
Total asset turnover
Operating profit margin
The company's current ratio is
(Round to two decimal places.)
.
Calculate the following ratios:

Data table
Cash
Accounts receivable
Inventories
Current assets
Net fixed assets
Total assets
J. P. Robard Mfg., Inc.
Balance Sheet ($000)
Accounts payable
Accrued expenses
Short-term notes payable
Current liabilities
Long-term debt
Owners' equity
$540
1,970
1,050
$3,560
4,570
$8,130
$1,110
650
290
$2,050
1,990
4,090
$8,130
Total liabilities and owners' equity
(Click on the icon in order to copy its contents into a spreadsheet.)

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