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%3D Financial Statements Preceding Year Current Year Balance Sheet: 20,000 14,000 $ Cash 22,000 16,000 Short-term Investments 90,000 42,000 Net Accounts Receivables 84,000 82,000 Merchandise Inventory 4,000 10,000 Prepaid Expenses 220,000 164,000 Total Current Assets 91,000 132,000 Total Current Liabilities Income Statement: 468,000 Net Credit Sales 315,000 Cost of Goods Sold Done Print %24 %24 More Info e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Current ratio a. b. Cash ratio c. Acid-test ratio d. Inventory turnover Done Print The financial statements of Valerie's Natural Foods include the following items: E (Click the icon to view the financial statements.) Compute the following ratios for the current year O Click the icon to view the ratios.) a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-lerm investments. Round your answer to two decimal places, X.XX) Current ratio b. Compute the cash ratio for the current year. (Round your answer to two decimal places, XXX) Cash ratio c. Compute the acid-test ratio for the current year (Round your answer to two decimal places, X XX ) Acid-test ratio d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, XXX.) times Inventory turnover e. Compute the days' sales in inventory for the current year. (Round intermediary calculations to two decimal places, XXX and round your final answer to the nearest whole day.) days Days' sales in inventory = f. Compute the days' sales in receivables for the current year. (Round intermediary calculations to two decimal places, X XX and round your final answer to nearest whole day) days Days' sales in receivables g. Compute the gross profit percentage for the current year. (Round your answor to one tenth of a percent, X X%) Gross profit percentage Choose from any list or enter any number in the input fields and then continue to the next