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The financial statements of Bothys Natural Foods include the following items: IIB (Click the foon to view the financial statements.) Compute the following ration for

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The financial statements of Bothys Natural Foods include the following items: IIB (Click the foon to view the financial statements.) Compute the following ration for the current year (Click the icon to view the ratios) Compute the current ratio for the current year. (Abbreviations used; STI - Short-term Investments. Round your answer to two decimal places. XXX) Current ratio Part 1 of 7 O Points: 0 Financial Statements Current Year Preceding Year Balance Sheet: Cash $ 24,000 $ 28,000 Short-term Investments 11,000 21,000 Net Accounts Receivables 40,000 86,000 Merchandise Inventory 78,000 20,000 76,000 7,000 Prepaid Expenses Total Current Assets 218,000 173,000 132,000 Total Current Liabilities 87,000 Income Statement: Net Credit Sales $ $ 468,000 316,000 Cost of Goods Sold Print Done More Info a. Current ratio b. Cash ratio C. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Print Done

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