HomevorkExercise The financial statements of Red Reddy Corporation, Inc., inchide the following items: 2005 2004 Balance sheet data $ Required: Compute the following ratios for the current Cash 100,000 85,000 year: Marketable Seartes 75,000 60,000 (a) current ratio Net Acourts Receivables 200,000 170,000 6) Workirg Capital Supplies 80,000 45,00 (c) acid-test rato Invertory 250,000 190,000 (d) Invertory turover, Prepaid expertes 50,000 30,000 (e) Number of days ininvertory Totalcurrent assets 735,000 580,000 (flacourts receivable burnover, Total anext liabilities 270,000 180,000 (2) rumber of days in courts receivable Income statement data: Net credit sales Cost of goods sold $840,000 $450,000