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Balance sheet: Cash $ 77,000 $ 13,000 103,000 24,000 Short-term investments Net receivables Inventory 81,000 84,000 65,000 68,000 94,000 6,000 75,000 4,000 290,000 Prepaid expenses

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Balance sheet: Cash $ 77,000 $ 13,000 103,000 24,000 Short-term investments Net receivables Inventory 81,000 84,000 65,000 68,000 94,000 6,000 75,000 4,000 290,000 Prepaid expenses Total current assets Accounts payable Total current liabilities 271,000 80,000 55,000 45,000 93,000 137,000 Income statement: Net credit sales Cost of goods sold $ 496,000 $ 503,000 278,000 279,000 Print Done The financial statements of Goren News, Inc., include the following items: E: (Click the icon to view the financial statements.) Read the requirements. Requirement 1. Calculate the following ratios for 2018 and 2017. When calculating days, round your answer to the nearest whole number. a. Current ratio. Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places, X.XX.) Current ratio 2018 2017 =

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