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In: Finance

Using the balance sheets and income statements calculate the following ratios for both Carson and​ BGT...

Using the balance sheets and income statements calculate the following ratios for both Carson and​ BGT found below:

Balance Sheet ($000) Carson Electronics, Inc. BGT Electronics, Inc.
Cash $1,970 $1,450
Accounts receivable 4450 5990
Inventories 1540 2470
Current assets $7,960 $9,910
Net fixed assets 16000 24980
Total assets $23,960 $34,890
Accounts payable $2,500 $5,050
Accrued expenses 980 1470
Short-term notes payable 3520 1520
Current liabilities $7,000 $8,040
Long-term debt 8030 4020
Owners' equity 8930 22830
Total liabilities and owners' equity $23,960 $34,890
Income Statement ($000) Carson Electronics, Inc. BGT Electronics, Inc.
Net sales (all credit) $47,980 $70,020
Cost of goods sold (35,990) (42,050)
Gross profit $11,990 $27,970
Operating expenses (7,980) (11,960)
Net operating income $4,010 $16,010
Interest expense (1,110) (540)
Earnings before taxes $2,900 $15,470
Income taxes (35%) (1,015) (5,415)
Net income $1,885 $10,055

Carson's times interest earned is ___ times. (Round to two decimal places.)

BGT's times interest earned is ___ times. (Round to two decimal places.)

Carson's inventory turnover is ___ times. (Round to two decimal places.)

BGT's inventory turnover is ___ times. (Round to two decimal places.)

Carson's total asset turnover is ___. (Round to two decimal places.)

BGT's total asset turnover is ___. (Round to two decimal places.)

Carson's operating profit margin is ___%. (Round to two decimal place.)

BGT's operating profit margin is ___%. (Round to two decimal place.)

Carson's operating return on assets is ___%. (Round to two decimal place.)

BGT's operating return on assets is __ %. (Round to two decimal place.)

Carson's debt ratio is ___%. (Round to two decimal place.)

BGT's debt ratio is ___ %. (Round to two decimal place.)

Carson's average collection period is ___days. (Round to one decimal place.)

BGT's average collection period is ___ days. (Round to one decimal place.)

Carson's fixed asset turnover is ___. (Round to two decimal places.)

BGT's fixed asset turnover is ___. (Round to two decimal places.)

Carson's return on equity is ___%. (Round to one decimal place.)

BGT's return on equity is ___%. (Round to two decimal place.)

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