The financial statements of Carver News Inc. include the following items: (Click the icon to view the financial statements.) Compute the following ratios for the current year 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 i Data Table llowing Current Preceding Year Year Balance sheet: Cash $ Short-term investments Net receivables 14,500 $ 11,500 62,500 75,500 16,500 180,500 19,000 24,500 70,500 71,000 8,000 e the cu Inventory Prepaid expenses Total current assets 193,000 11 0 Total current liabilities 108,000 86,000 Income statement: $ Net credit sales Cost of goods sold 654,000 327,000 fields an Print Done Clear All