PLEASE COMPLETE D

Karen's Crafts has provided the following data: (Click the icon to view the financial information.) Read the requirements - X Financial information 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 liabilities A B Current assets 178,120 Current ratio 1.46 S S 122.000 1 Balance sheet item: b. Acid-test ratio 2 Cash Enter the formula on the first line, then calculate the ratio on the second line. (Round your answer to two decimal places, X.XX. Abbre 3 Short-term investments 4 Net receivables Acid-test Current Year Preceding Year S 12,500 $ 20,000 S 9,360 $ 24,000 S 55,000 $ 60.620 S 79,000 $ 75,000 S 22,260 $ 9,500 S S 178,120 $ 189,120 S S 122,000 $ 88,000 + ST investments + Net receivables Current liabilities = ratio Cash 12,500 ($ IS + $ 9,360 + $ 55,000 + $ 122,000 0.63 c. Inventory turnover Enter the formula on the first line, then calculate the turnover on the second line. (Round your answer to two decimal places, X.XX.) . Cost of goods sold Average inventory Inventory turnover 315,700 77,000 4.10 times 5 5 Inventory 6 Prepaid expenses 7 Total current assets 8 Total current liabilities 9 9 10 Income statement: : 11 Net credit sales 12 Cost of goods sold = S 448,950 S 315,700 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 receivables ( Print Done days