Harmony Corporation reported these figures: E (Click the icon to view the balance sheet.) Harmony Corporation has 3,200,000 shares of common stock outstanding. Its stock has traded recently at $27.00 per share. You would like to gain a better understanding of Harmony Corporation's financial position. Assume all sales are on credit. (Click the icon to view the income statement.) Read the requirement C. Acid-test ratio Enter the formula on the first line, then calculate the acid-test ratio on the next line. (Enter amounts in thousands as provided to you in the problem statement. Abbreviation used: ST short-term. Round your answer to two decimal places. For accounts with a zero balance enter $0 where appropriate.) Acid-test Cash ST investments Net receivables Current liabilities ratio %3D Choose from any list or enter any number in the input fields and then click Check Answer. (amounts in thousands) 2017 2016 Assets Current assets: Cash 5,120 $ 2,800 Accounts receivables 2,300 1,600 Inventory 1,800 1,200 2,800 3,240 Other current assets 8,400 12,460 $ Total current assets 22 000 18 500. Done Print %24 %24 Totai current assets 12,460 $ 8,400 Other assets 22,000 18,500 Total assets 24 34,460 $ 26,900 Liabilities Total current liabilities 14,000 $ 13,000 4,960 5,400 Long-term liabilities Total liabilities 18,960 $ 18,400 Stockholders' equity Print Done %24 Total liabilities 2$ 18,960 $ 18,400 Stockholders' equity 15,500 8,500 Total common stockholders' equity 34,460 $ 26,900 Total liabilities and equity Print Done chard orati (amounts in thousands) 2017 Sales revenue %24 14,235 4,350 Less: Cost of goods sold cal ort-t ds Gross profit 9,885 ze 885 Less: Operating expenses Operating income 9,000 400 vest Less: Interest expense 8,600 Income before income taxes 6,200 Less: Income tax expense mbe Done Print %24 %24 %24 %24 %24 %24 %24 Sales revenue 2$ 14,235 Less: Cost of goods sold 4,350 Gross profit 9,885 Less: Operating expenses 885 ds as pi zero b Operating income 9,000 400 Less: Interest expense Income before income taxes 8,600 6,200 Less: Income tax expense 2,400 Net income Print Done