a Secure https://www.mathxl.com/S spx?homework ld; 484 301 902&questionid. 1 &flushed# false&cld-50242938centervinayes ACCT 201 801 Summer 2018 Jennifer Yessem & 1 53118 10-57 AM Save Homework: Ch 13 Homework Score: 0 of 2 pts E13-21A (similar to) 40f 5 (0 complete) ? HW Score: 0%, 0 of 10 pts Data Table The financial statements of Haris News, Inc., include the following items E (Click the icon to view the financial statements.) Read the reauirements Requirement 1. Compute the following ratios for 2014 and 2013. a. Current ratio Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places.) 2014 2012 Balance sheet: 41,000$ 67,000 24,000 78.000 79,000 12,000 260,000 30000 95,000 Cash Short-term investments Net receivables 12,000 75.000 92.000 12,000 232,000 40.000 135,000 40,000 $1,000 s Current ratio Prepaid expenses Total current assets Accounts payable Total current iabilties 20,000 2013 1 Requirements Income statement: Net credit sales Cost of goods sold 495,000 505,000 276,000 288,000 1. Compute the followving ratios for 2014 and 2013 a. Current ratio b. Quick (acid test) ratio c. Inventory turnover and days' inventory outstanding (DIO) d. Accounts receivable turnover e. Days sales in average receivables or days sales outstanding (DSO) 1. Accounts payable turnover and days' payable outstanding (DPO) Use Print Done cost of goods sold in the formula for accounts payable turnover g. Cash conversion cycle (in days) (When computing days, round your answer to the nearest whole number) Evaluate the company's liquidity and current delbt-paying ability for 2014. Has it improved or deteriorated from 2013? As a manager of this company, what would you try to improve next year? Choose from any list or enter any number in the input flelds an Check Answer 10 Pemaining 057 AM e