Financial Statements Current Year Preceding Year Balance Sheet: Cash $ 14,000 $ 30,000 Short-term Investments 14,000 20,000 Net Accounts Receivables Merchandise Inventory 46 000 76,000 10,000 80,000 80,000 4,000 Prepaid Expenses Total Current Assets 160,000 214,000 thel Print Done Cs El in nts - X More Info TA 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 Print Done Homework: Chapter 17 - Homework Fowler Question 7, E17-18 (simil... HW Score: 22.4%, 2.24 of 10 points Score: 0 of 1 Part 1 of 7 The financial statements of Viva's Natural Foods include the following itenis Click the icon to view the financial statements) Compute the following ratios for the current year. Click the con to view the ratios) a Compute the current ratio for the current year (Aliceviations used STI Short form investments Round your answer to two decimal places, XXX) Current ratio= - Financial Statements 46,000 80,000 Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets 76,000 10,000 80,000 4,000 160,000 137,000 214,000 93,000 Total Current Liabilities Income Statement: Net Credit Sales 466,000 316,000 Cost of Goods Sold