Data table More info The financial statements of Nitrate Corporation include the following items: (Click the icon to view the data.) Compute the following ratios for the current year: (Click the icon to view the ratios.) 1+ 8. Compute the acid-test ratio for the current year. Select the formula labels, enter the amounts and compute the acid-test ratio for the current year. (Abbreviations used: Net AR = Net Accounts Receivables, Merchandise Inv. = Merchandise Inventory, ST investments = Short-term Investments. Round your answer to two decimal places, X.XX.) 9. Compute the inventory turnover for the current 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 decimal places, X.XX.) Inventoryturnover= The financial statements of Nitrate Corporation include the following items: (Click the icon to view the data.) Compute the following ratios for the current year: (Click the icon to view the ratios.) 7. Compute the current ratio for the current year. Begin by selecting the formula labels, then enter the amounts and compute the current ratio for the current year. (Round your answer to two decimal places, X.XX.) 8. Compute the acid-test ratio for the current year. Select the formula labels, enter the amounts and compute the acid-test ratio for the current year. (Abbreviations used: Net AR = Net Accounts Receivables, Merchandise Inv. = Merchandise Inventory, ST investments = Short-term Investments. Round your answer to two decimal places, X.XX.) 9. Compute the inventory turnover for the current 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 decimal places, X.XX.) =Inventoryturnover 10. Compute the gross profit percentage for the current year