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The financial statements of Iron Corporation include the following items: (Click the icon to view the data.) Compute the following ratios for the current year: (Click the icon to view the ratios.) 7. Compute the current ratio for the current year. Begin by selecting the formula labels, then enter the amounts and compute the current ratio for the current year. (Round your answer to two decimal places, XXX) Current ratio 8. Compute the acid-test ratio for the current year. Select the formula labels, enter the amounts and compute the acid-test ratio for the current year. (Abbreviations used: Net AR = Net Accounts Receivables, Merchandise Inv. = Merchandise Inventory, ST investments = Short-term Investments. Round your answer to two decimal places, X.XX.) Acid-test ratio // Data Table More Info - X 9. Compute the inventory turnover for the current year. Begin by selecting the formula labels, then enter the amounts and compute the inventory turnover for the current year. (Round your answer to two decimal places, X.XX.) Current Year Preceding Year Inventory turnover 7. Current ratio 8. Acid-test ratio 9. Inventory turnover 10. Gross profit percentage 10. Compute the gross profit percentage for the current year. Begin by selecting the formula labels, then enter the amounts and compute the gross profit percentage for the current year. (Round your answer to the nearest whole percen Gross profit percentage Print Balance Sheet: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Sales Revenue Cost of Goods Sold 9,000 $ 6,300 20,700 33,400 8,000 77,400 56,100 15,000 12,300 21,700 26,100 3,800 78.900 38,900 Done $ 185,000 125,500 Print Done Choose from any list or enter any number in the input fields and then continue to the next