(Ratio analysis) The balance sheet and income statement for the A. Thiel Mig. Company are...
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(Ratio analysis) The balance sheet and income statement for the A. Thiel Mig. Company are given in the popup window: . Calculate the following ratios: a. Current ratio b. Operating return on assets c. Times interest eamed d. Debt ratio e. Inventory turnover b. Operating return on assets c. Times interest earned d. Debt ratio e. Inventory turnover f. Average collection period g. Total asset turnover h. Fixed asset turnover i. Operating profit margin j. Return on equity Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $5091,9961,034$3,5394,494$8,033 Accounts payable $1,084 Accrued expenses 597 \begin{tabular}{lrr} Accrued expenses & 597 \\ Short-term notes payable & 298 \\ Current liabilities & $1,979 \\ Long-term debt & 2,025 \\ Owners' equity & 4,029 \\ Total liabilities and owners' equity & $8,033 \\ \hline \end{tabular} Sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $512 depreciation) Operating profits Interest expense Earnings before taxes Income taxes (21\%) Net income
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