E17-18 (similar to) Question Help The financial statements of Valerie's Natural Foods include the following items: (Click the icon to view the financial statements.) Compute the following ratios for the current year: (Click the icon to view the ratios.) Current Year Preceding Year Balance Sheet: Cash $ 14,000 $ 30,000 20,000 Short-term Investments Net Accounts Receivables Merchandise Inventory 14,000 56,000 76,000 84,000 62,000 2.000 11 000 Merchandise inventory O2,000 04,000 11,000 2,000 Prepaid Expenses Total Current Assets 179,000 190,000 Total Current Liabilities 134,000 93,000 Income Statement: Net Credit Sales 463,000 Cost of Goods Sold 313,000 a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage