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Please andwer this The financial statements of the news magazine publisher Daily Rain Inc. include the following items: Selected Balance Sheet Items Cash Short term

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The financial statements of the news magazine publisher Daily Rain Inc. include the following items: Selected Balance Sheet Items Cash Short term investements Accounts receivables, net Inventory Prepaid expenses Total: 2021 $28,500 24,000 63,000 92,600 23,200 231,300 2020 $35,300 32,900 80,000 88,000 18,400 254,600 Furthermore, the company shows total non-current assets of $9,325,000 and $9,334,000 for the years 2021 and 2020, respectively. The current liabilities total $207,600 and $195,800 for the years 2021 and 2020, respectively. Daily Rain Inc. realized net credit sales of $2,954,000 and recorded $2,825,000 in costs of goods sold for the year 2021. stion 18 Unsaved equirement 1: Compute the following ratios for the year 2021 and enter the responses in the blanks below. Blank #1: Current ratio (round to two digits) Blank #2: Quick (acid test) ratio (round to two digits) Blank #3: Inventory turnover (round to one digit) Blank #4: Accounts receivable turnover (round to one digit)

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