INOX Qu Jim's Crafts has provided the following data: (Click the icon to view the financial Information.) Road the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio on the second line. (Round your answer to two decimal places, X.XX.) Current ratio > Financial information A B. 1 Balance sheet item: N Cash Current Year Preceding Year $ 9,000 $ 24,500 2,600 $ 26,000 3 Short-term investments $ $ 4 Net receivables 58,000 $ 48,720 Inventory $ 72,500 75,500 $ 28,900 $ 6 Prepaid expenses 8,500 180,220 7 $ $ $ Total current assets 174,000 $ 116,000 $ 8 Total current liabilities 89,000 9 10 Income statement: 11 Net credit sales $ 423,400 12 Cost of goods sold $ 292,300 Print Done Piduos - Requirements Compute the following ratios for the current year for Jim's Crafts: a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days' sales in average receivables (assume all sales are on credit) Print Done