E12-32B (similar to) The financial statements of Eventful News, Inc., include the following items: 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, XXX.) Current ratio 2018 2017 Choose from any list or enter any number in the input fields and then click Check Answer. 10 parts remaining Clear All o e a 8 - i Data Table Requirements 2018 2017 2016 Balance sheet: $ 26 000 S Cash Short-term investments Net receivables 19.000 50 000 87.000 12,000 32,000 21,000 73,000 69,000 8.000 30 000 65,000 1. Calculate the following ratios for 2018 and 2017 When calculating days, found your answer to the nearest whole number a Current ratio b. Quick (acid-test) rabo c. Inventory turnover and days inventory outstanding (10) d. Accounts receivable turnover e Days' sales in average receivables or days' sales outstanding (DSO) 1. Accounts payable turnover and days' payable outstanding (DPO) Use cost of goods sold in the formula for accounts payable turnover 9. Cash conversion cycle (in days) (When calculating days, round your answer to the nearest whole number) 2. Evaluate the company's liquidity and current debt paying ability for 2018 Hasit improved or deteriorated from 2017 3. As a manager of this company, what would you try to improve next year? Inventory Prepaid expenses Total current assets Accounts payable Total current liabilities 194 000 50000 139,000 203 000 45 000 91,000 36.000 Print Done Print Done a ORI e 3 of 4 (0 complete) Score: 0 of 5 pts HW Score: 0%, 0 Data Table Inc, include the following items itements) E12-3: Average daily sales The finar Average inventory (Clic Average net receivables Cash Read the Cost of goods sold Current assets Requiret Current liabilities a Curter Inventory Nel credit sales Cash S tios for 2018 and 2017 When calculating days, Short term investments Not receivables Inventory 20 000 19,000 50 000 87 000 12,000 32.000 21,000 73,000 69,000 8.000 30.000 65,000 Select th Not receivables unts to calculate the current ratio (Round the rati Current to 194 000 60.000 139.000 Prepaid expenses Total current asses Accounts payable Total currentlisbiles Income statement Not credit sales Cost of goods sold 203.000 45,000 91,000 36 000 2018 2017 S 490,000 $ 281.000 508.000 203.000 Choose from any list or enter any number in the input fields and then click Check Ans Print Done 10 femaining 70 1 RI a o OO thp