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The financial statements of Carver News Inc. include the following items. !!! (Click the icon to view the financial statements.) a. Compute the following ratios

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The financial statements of Carver News Inc. include the following items. !!! (Click the icon to view the financial statements.) a. Compute the following ratios for the current year: Current ratio b. Quick (acid test) ratio C. Inventory turnover d. Accounts receivable turnover Days' sales in average receivables e. 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 place Current ratio IN 11 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 > Acid-tes 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 tv Acid-test rabo c. Compute the inventory turnover for the current year. Begin by selecting the formula and then enter the amounts to calculate inventory turnover (Round the ratio to two decimal places.) Inventory turnover d. Compute the accounts receivable turnover for the current year Select the formula and then enter the amounts to calculate accounts receivable turnover (Round the ratio to two decimal places.) Acounts receivable turnover man from a list or enter any number in the input fields and then continue to the next question. d. Compute the accounts receivable turnover for the current year Select the formula and then enter the amounts to calculate accounts receivable tumover (Round the ratio to two decimal places) Acounts receivable turnover e. Compute the days' sales in receivables for the current year Select the formula and then enter the amounts to calculate days' sales in receivables (Use a 366-day year. Round interim calculations and your final answer to the Days' sales in receivables Choose from any list or enter any number in the input fields and then continue to the next question ollowing items Data Table - X Current Preceding Year Year Balance sheet: Cash S 15,000 $ 19,500 Short-term investments 9,000 26.000 ce the current ratio (Round 59,500 Not receivables Inventory 73,000 68,500 7.000 77.000 17.000 Current ratio Propaid expenses 177 500 194,000 Total current assets 113,000 92,000 Total current liabilities te the acid-test ratio. (Abbre Income statement: $ ) Net credit sales Cost of goods sold 657.000 328,500 is to calculate inventory tum Inventory tumover Print Done

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