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Please complete all 6 parts The financial statements of Valerie's Natural Foods include the following items: Click the icon to view the financial statements.) Compute
Please complete all 6 parts
The financial statements of Valerie's Natural Foods include the following items: Click the icon to view the financial statements.) Compute the following ratios for the current year: 1 (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 More Info Financial Stements Current Year Preceding Your a Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e Days' sales in inventory t Days' sales in receivables 9. Gross proft percentage Balance Sheet: $ 19.000 $ 21.000 28.000 76,000 78,000 7,000 Print 19.000 62.000 65.000 16,000 Done Cash Short-term investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold 182.000 210,000 90,000 130.000 Choose from any listo $ 468,000 310,000 Check Answer 6 parts remaining Sur MacBook Air 3 5 6 7 8 9 0 The financial statements of Valerie's Natural Foods include the following items: (Click the icon to view the financial statements.) Compute the following ratios for the current year (Click the loon to view the ration) a. Compute the current ratio for the current year. (Abbreviations used: STI - Short-term investments, Round your answer to two decimal places, XXX.) Current ratio More Info 365 days / Accounts receivable turnover ratio 365 days / Inventory turnover 365 days / Total current assets (Cash Cash equivalents) / Total current liabilities (Cash + Prepaid expenses) / Total current liabilities (Cash + STI .Net current receivables)/Total current abilities Cost of goods sold / Average merchandise inventory Gross profit/Net sales revenue Net sales revenue / Gross profit Total current assets/Total current liabi Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover 6. Days' sales in inventory 1 Days' sales in receivables Gross proft percentage Print Dono Choose from any list or enter any number in the input fields and then click Check Answer Clear All ck Answer 6 parts remaining 9 MacBook Air & 7 6 5 0 9 8 Step by Step Solution
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