Financi Lean E15-18 Computing key ratios The financial statements of Valerie's Natural Foods include the following items: e. 89 Current Year Preceding Year $ Balance Sheet: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities 16,000 19,000 60,000 78,000 17,000 190,000 136,000 $ 26,000 28,000 92,000 74,000 6,000 226,000 82,000 Income Statement: Net Credit Sales Cost of Goods Sold $ 476,000 312,000 Compute the following ratios for the current year: a. Current ratio e. Days' sales in inventory b. Cash ratio f. Days' sales in receivables c. Acid-test ratio g Gross profit percentage d. Inventory turnover E15-19 Analyzing the ability to pay liabilities Big Beautiful Photo Shop has asked you to determine whether the company's ability Ending work-in-process inventory Cost of Goods Manufactured (0) $50,500 (25,500) S 2,600) W 5 E16-20 Preparing a schedule of cost of goods manufactured Wilson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Beginning $ 59,000 109,000 41,000 Ending $23,000 62,000 44,000 Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses $ 16,000 151,000 24,000 47,000 10,000 39,000 121,000 60,000 Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Wilson manufactured 3,700 lamps for the year