b) Current Year Preceding Year Balance Sheet: Cash Short-term investments Net receivables Inventory Prepaid expenses Total current assets Total current liabilities Income Statement: Net credit sales Cost of goods sold $ 17,000 11.000 64.000 77,000 16.000 S185.000 $111.000 $ 22.000 26.000 73.000 71,000 8.000 $200.000 $91.000 5654.000 327.000 The financial statements of Nexus Enterprises include the following items: (10 marks) You are required to calculate the following ratios: a. Current ratio b. Accounts receivable tumover c. Quick (acid-test) ratio d. Days' sales in receivables e. Inventory turnover