(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. (Round the ratios to two decimal places, X.XX.) 2018 2017 Current ratio b. Quick (acid-test) ratio. (Round the ratios to two decimal places, X.XX.) 2018 2017 Acid-test ratio c. Inventory turnover and days' inventory outstanding (DIO). Begin by calculating inventory turnover. (Round the ratios to two decimal places, X.XX.) Inventory turnover 2018 2017 Now, calculate the days' inventory outstanding (DIO). (Use a 365-day year. Round your final answers to one decimal place, X.X.) Days' inventory outstanding (DIO) 2018 2017 i Data Table 2018 2017 2016 Balance sheet: Cash $ 65,000 $ 91,000 Short-term investments 17,000 23,000 Net receivables 79,000 82,000 55,000 Inventory 86,000 76,000 61,000 4,000 Prepaid expenses 4,000 Total current assets 251,000 276,000 Accounts payable 85,000 72,000 45,000 Total current liabilities 129,000 90,000 Income statement: Net credit sales Cost of goods sold $ 492,000 $ 278,000 504,000 283,000 Print Done