Assignments P Final Examination X Get your business discovered c x + C A mylab.pearson.com/Student/PlayerTest.aspx?testld=249765333¢erwin=yes Update : ACCT 106 - WO1 Financial Accounting II Jordan Hue 05/21/23 1:20 PM Test: Final Examination Question 2 of 5 This test: 5 point(s) possible This question: 1 point(s) possible Submit test The financial statements of Vanna's Natural Foods include the following items: Compute the following ratios for the current year: Question list K (Click the icon to view the financial statements.) i (Click the icon to view the ratios.) - X O Question 1 Financial Statements a. Compute the current ra vo decimal places, X.XX.) O Question 2 Current ratio = Current Year Preceding Year Balance Sheet: b. Compute the cash ratio Cash $ 15,000 $ 29,000 O Question 3 Cash ratio Short-term Investments 13,000 22,000 c. Compute the acid-test r Net Accounts Receivables 56,000 88,000 O Question 4 Merchandise Inventory 86,000 64,000 Acid-test ratio 6,000 2.000 Prepaid Expenses d. Compute the inventory Total Current Assets 186,000 205,000 O Question 5 Total Current Liabilities 139,000 87,000 Inventory turnover times Income Statement e. Compute the days' sale d round your final answer to the nearest whole day.) Net Credit Sales $ 480,000 Days' sales in inventory Cost of Goods Sold 312,000 Idays f. Compute the days' sale Ind round your final answer to nearest whole day.) Days' sales in receivables days Print Done g. Compute the gross pro Gross profit percentage % NextAssignments P Final Examination X Get your business discovered c x + C A mylab.pearson.com/Student/PlayerTest.aspx?testld=249765333¢erwin=yes Update : ACCT 106 - WO1 Financial Accounting II Jordan Hue 05/21/23 1:20 PM Test: Final Examination