x 4-7. (Analyzing operating return on assets) In 2015, Nohlo ope and Environment of Fingncial Management MyLab Guinea Coconut Company are as follows: Balance Sheet ($000) $ 550 2,500 Cash Accounts...

Extracted text: x 4-7. (Analyzing operating return on assets) In 2015, Nohlo ope and Environment of Fingncial Management MyLab Guinea Coconut Company are as follows: Balance Sheet ($000) $ 550 2,500 Cash Accounts receivable 1,100 Inventories $ 4,150 Current assets 4,700 Net fixed assets $8.850 Total assets $1.200 Accounts payable 680 Accrued expenses 320 Short-term notes payable $2,200 Current liabilities Long-term debt 2,300 Owners' equity 4,350 Total liabilities and owners' equity $ 8,850 Income Statement ($000) Sales (all credit) $ 8,300 Cost of goods sold (3,500) Gross profit 4,800 Operating expenses (includes $600 depreciation) Operating profits (3.000) -Interest expense $1,800 Earnings before taxes (380) Income taxes (20%) $1,420 Net income (284) Calculate the following ratios: $1,136 Fixed-asset turnover Return on equity A ating profit margin of 15 percent and roul a What