Organic's Crafts has provided the following data: (Click the icon to view the financial information.) Read the requirements BEC - - X Financial information 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 assets Current liabilities Current ratio S 174,000 $ 116,000 1.50 A B c 1 Balance sheet item: : 2 Cash b. Acid-test ratio 3 Short-term investments Current Year Preceding Year $ 9,000 $ 24.000 $ 2,600 S 23.500 $ 58,000 S 48.720 $ $ 75,500 5 72.500 Enter the formule on the first line, then calculate the ratio on the second line. (Round your answer to two decimal places, X.XX. 4 Net receivables Acid-test 5 ( Cash + ST investments + Net receivables Current liabilities ratio > + + >$ 6 Inventory Prepaid expenses Total current assets $ 28,900 S 9.200 ($ 9,000 + S 2,600 + $ $ 58.000 116,000 0.60 7 $ 174,000 S 177.920 8 Total current liabilities $ 116,000 $ 94.000 9 c. Inventory tumover Enter the formula on the first line, then calculate the turnover on the second line. (Round your answer to two decimal places, X. . Cost of goods sold Average inventory Inventory turnover S 292 300 + S 74,000 3.95 times = 10 Income statement: 11 Net credit sales 12 Cost of goods sold 423.400 $ $ $ 292,300 d. Days' sales in average receivables Enter the formula on the first line, then calculate the days' sales on the second line. Days' sales in average rocolvables 0 Average net accounts receivable Print + Sales Done days