(Solved): (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard. Mig. Co ...

(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard. Mig. Company are as follows: Calculate the following ratios: The oompany's current rabo is (Round to two decimal places.) Data table 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 Earnings before taxes Income taxes $$(35\%)$$ Net income $$\frac{(3,400)}{\$4,570}$$ $$\begin{array}{r}(2,960)\\ \$1,610\end{array}$$ $$\frac{(356)}{\$1,254}$$ (Click on the icon $$?$$ in order to copy its contents into a spreadsheet.)