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i need help with these formula's thank you 2020 The financial statements of Jones Ltd. include the following items: (Click the icon to view the

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2020 The financial statements of Jones Ltd. include the following items: (Click the icon to view the financial statement information.) Required Compute the following ratios for 2020(a) current ratio, (b) acid-test ratio, (c) inventory turnover (d) days' sales in inventory. (e) accounts receivable turnover, ar a. Current ratio (Round your answer to two decimal places.) Financial statement information The current ratio is b. Acid-test ratio (Round your answer to two decimal places.) 2019 The acid-test ratio is Balance sheet balances C. Inventory turnover (Round your answer to two decimal places.) Cash 13,000 $ 17,500 The inventory turnover is times, Short-term investments 8,000 14,500 d. Days' sales in inventory (Round your answer to the nearest day.) Not receivables 45,000 37,000 Inventory 47.000 44,000 The days' sales in Inventory days Prepaid exponses 4,500 4.500 e. Accounts receivable turnover (Round your answer to two decimal places.) 117,500 $ 117,500 Total current assets The accounts receivable tumover is times, Total current liabilities 69,000 $ 62,000 1. Days' sales in receivables (Round your answer to the nearest day.) Income statement balances Net credit sales S 256,000 The days' sales in receivables ratio is days Cost of goods sold 146,000 $ $ Print Done

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