E13-21 A (similar to) Data Table The financial stahements of Dobson News, Inc, indlude the folowing items E (Click the icon to view the fnancial statements) Read the teauirements Requirement 1. Compute the following ratios for 2016 and 2015 a. Cument natio Seledtn formula ten ertr amounts to calculate the current tatio. (Round the rasos to two derral paces) 77000 103.000 24,000 84,000 Short-term investments 81,00 1,000 7,000 55,000 8,0007,000 Current ratio 11,000 Prepaid expenses Total current assets Accounts payable Total cument liabes 2015 271,000 500,000 55,000 50.000 25.000 O Requrements Income statement 497,000$ 505,000 273000 285,000 Net credit sales 1. Compute the folowing ratios for 2018 and 2015 Cost of goods sold Cument ratio Print Done c. Inventory hrover "d days, momory otstandrgO) d. Aocounts receivable tumover eDays sales in average neceilvables or days' sales outstanding (Dso) Accournts payable tumover and days payable outstanding (DPO) Use oost of goods sold in the formula for accounts payable tunover g. Cash conversion cycle 0n days) When computing days, round your answer to he nearest whole number) Choose from any ist or enter any number in the ir 2. Evaluate the company's liquidity and current dete-paying ability for 2016. Has e improved or deterionated from 20157 3 As a manager of this company,what wouild you try to improve next yoar? 10 rananin Check