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The financial statements of Beth's Natural Foods include the following items: Compute the following ratios for the current year: (Click the icon to view the
The financial statements of Beth's Natural Foods include the following items: Compute the following ratios for the current year: (Click the icon to view the ratios.) E(Click the icon to view the financial statements.) a. Compute the current ratio for the current year. (Abbreviations used: STI Short-term investments. Round your answer to two decimal places, X.XX.) Total current assets Total current liabilities 1.79 Current ratio = iFinancial Statements. b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) (Cash Cash equivalents)/Total current liabilities 0.13 Cash ratio Current Year Preceding Year c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, X.XX.) Balance Sheet: Acid-test ratio $ Cash 17,000 S 25,000 More Info Short-term Investments 30,000 9,000 Net Accounts Receivables 42,000 94,000 Merchandise Inventory 84,000 82,000 a. Current ratio Days' sales in inventory e. 90,000 4,000 Prepaid Expenses f. Days' sales in receivables g. Gross profit percentage b. Cash ratio c. Acid-tost ratio 240,000 Total Current Assets 237,000 d. Inventory turnover Total Current Liabilities 134,000 84,000 Income Statement: Print Done Net Credit Sales 463,000 Cost of Goods Sold 313,000 Print Done Choose from any list or enter any number in the input fields and then click Check
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