Balance Sheet: Current Year Preceding Year Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities $ 11,000 $ 7,000 6,300 11,100 21,100 22,700 31,600 28,500 8,300 3,800 78,300 73,100 55,100 39,500 Income Statement: Net Sales Revenue $ 189,300 Cost of Goods Sold 120,000 More info Current year. enter the an 7. Current ratio 8. Acid-test ratio 9. Inventory turnover 10. Gross profit percentage - Round you 7. Compute the current ratio for the current year Begin by selecting the formula labels, then enter the amounts and compute the cument ratio for the current year (Round your newer to two decimals XXX) 8. Compute the add-est ratio for the cument year Cument ra Select the formula labels, enter the amounts and compute the acid test rato for the cument year (Abbreviations unent Net At Net Accounts Recervaties, Merchandise newer to two decima XX A 5. Compute the inventory tumover for the curent year Begin by selecting the formula labels, then enter the amounts and compute the inventory turnover for the current year. (Round your answer to two del paces, XXX 18. Compute the gross profit percentage for the sument year Begin by selecting the mule labels, then enter the amours and compute the gross proft percentage for the current year (Round your answer to the rest whole percent, XN Gross prof per em investments Round yoor