Homework: Chapter 17 Practice Problems Score: 0.07 of 1 pt %E17-18 (similar to) 3 of 3 (3 complete) The financial statements of Victor'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, X.XX Current ratio = Total current assets/Total current liabilities More Info I Financial Statements Current Year Preceding Year & Current ratio b. Cash ratio G. Acid-test ratio d. inventory turnover e. Days' sales in inventory 1. Days' sales in receivables 9. Gross proft percentage Print Balance Sheet: 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 25.000 30,000 84.000 60,000 4,000 Done 22,000 $ 19.000 48,000 68,000 90,000 245,000 137.000 203.000 88,000 468,000 316,000 Done Choose from a list or enter any number in the input fields and then click Check Answer 6 remaining Clear Al