Financial Statements Current Year Preceding Year Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory 21.000 $ 9.000 44.000 68,000 18.000 - 30.000 30 000 82.000 78.000 5.000 Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: 160.000 133000 225.000 93.000 AR 0 Financial Statements 21,000 S 9.000 44.000 68,000 18.000 30.000 30.000 82.000 78.000 5.000 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold 160.000 133.000 225.000 93.000 WA FREE 468 000 810 000 i More Info 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 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.) a. Compute the current ratio for the current year. (Abbreviations used: STI-Short-term investments. Round your answer to two decimal places, XXX) Current ratio = b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) Cash ratio c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, XXX) Acid-test ratio = d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, XXX) 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.) Inventory turnover e. Compute the days' sales in inventory for the current year (Round Intermediary calculations to two decimal places. XX and round your final answer to the nearest whole day) Days sales in inventory = f. Compute the days' sales in receivables for the current year (Round intermediary calculations to two decimal places, XXX and round your final answer to nearest whole day.) Days sales in receivables - g. Compute the gross profit percentage for the current year Round your answer to one tenth of a percent Gross pro percentage