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Score: 0 of 10 points Submit Te Next Question The financial statements of Goren News Inc include the following items (Click the icon to view
Score: 0 of 10 points Submit Te Next Question The financial statements of Goren News Inc include the following items (Click the icon to view the financial statements.) Compute the following ratios for the current year a. Current ratio b. Quick (acid test) ratio c. Inventory turnover d. Accounts receivable turnover e Days' sales in average receivables a. Compute the current ratio for the current year Select the formula and then enter the amounts to calculate the current ratio (Round the ratio to two decimal places.) Current ratio b. Compute the quick (acid test) ratio for the current year Select the formula and then enter the amounts to calculate the acid-test ratio. (Abbreviation used: ST - short term. Round the ratio to two decimal places.) Choose from any list or enter any number in the input fields and then continue to the next question Manpreet ka pte Data Table - X Ney ina Current Preceding Year Year Balance sheet: Cash $ ble Short-term investments Net receivables Inventory 16,500 $ 11,500 64.000 80,000 17,000 23,500 24,000 71,500 70,000 7,000 CU he Prepaid expenses Total current assets 189.000 196,000 Total current liabilities 106,000 87.000 Income statement: io e the ra n Print Done
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