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Data Table The financial statements of National News Inc include the following items Click the icon to view the financial statements.) Compute the following ratios
Data Table The financial statements of National News Inc include the following items Click the icon to view the financial statements.) Compute the following ratios for the current year Current ratio b. Quick (acid busty ratio Inventory turnover d Accounts receivable turnover Days sales in dvorage receivables a Current Year Preceding Year e a. Compute the current ratio for the current year Select the formula and then enter the amounts to calculate the current ratio (Round the rol Current ratio Balance sheet: Cash Shoc om westments Netreceivables 17.000 5 11,000 54000 77.000 15.000 22.000 20 000 73.000 71.000 Inventory Prepaid expenses Total current assets 185.000 111 000 200 000 91.000 Total current liabilities Income statement Not credits 654,000 327 000 Cost of goods sold
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