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Three Exercises Chapter aun Moss 06/23/22 7:27 PM Question 9, E17-18 (similar to) Part 2 of 7 HW Score: 56.7%, 5.67 of 10 points The financial statements of Victor's Natural Foods include the following items: Points: 0.14 of 1 (Click the icon to view the financial statements.) Save Compute the following ratios for the current year. i (Click the icon to view the ratios.) a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio Total current assets / Total current liabilities 1.35 b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) Cash ratio Financial Statements X Current Year Preceding Year More info Balance Sheet: Cash A 14,000 S 30,000 16,000 Current ratio Short-term Investments 27,000 Days' sales in inventory Cash ratio Days' sales in receivables Net Accounts Receivables 56,000 82,000 Acid-test ratio Gross profit percentage Merchandise Inventory 84,000 82,000 Inventory turnover Prepaid Expenses 17,000 12,000 Total Current Assets 187,000 213,000 Total Current Liabilities 139,000 88,000 Income Statement: Print Done Net Credit Sales 472,000 Cost of Goods Sold 316,000 Hel