b) Current Year Preceding Year Balance Sheet: Cash Short-term investments Net receivables Inventory Prepaid expenses Total current assets Total current liabilities. $ 17,000 11,000 64,000 77,000 16,000 $185,000 $111,000 $ 22,000 26,000 73,000 71,000 8,000 $200,000 $ 91,000 Income Statement: Net credit sales Cost of goods sold $654,000 327,000 ME 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 turnover c. Quick (acid-test) ratio d. Days' sales in receivables e. Inventory turnover N