The financial statements of Chloride Corporation include the following items: Compute the following ratios for the current year (Click the icon to view the ratios.) (Click the icon to view the data.) 7. Compute the current ratio for the current year Begin by selecting the formula labels, then enter the amounts and compute the current ratio for the current year. (Round your answer to two decimal places, XXX) / Current ratio 8. Compute the acid-test ratio for the current year Select the formula labels, enter the amounts and compute the acid-test ratio for the current year, (Abbreviations used: Net AR Inventory, ST investments Short-term Investments. Round your answer to two decimal places, X.XX.) Net Accounts Receivables, Merchandise Inv Merchandise Acid-test ratio 9. Compute the inventory turnover for the current year Begin by selecting the formula labels, then enter the amounts and compute the inventory turnover for the current year. (Round your answer to two decimal places, XXX) Inventory turnover 10. Compute the gross profit percentage for the current year Begin by selecting the formula labels, then enter the amounts and compute the gross profit percentage for the current year, (Round your answer to the nearest whole percent, X%) Gross profit percentage The financial statements of Chloride Corporation include the following items: Compute the following ratios for the cu i (Click the icon to view the ratios.) E(Click the icon to view the data.) 7. Compute the current ratio for the current year. Begin by selecting the formula labels, then enter the amounts and compute the current ratio for the current year. (Round your answer to tw Current ratio Average merchandise inventory ant year Cash : Cost of goods sold ts and compute the acid-test ratio for the current year. (Abbreviations used: Net AR vestments. Round your answer to two decimal places, X.XX.) Net Account Gross profit Merchandise inventory Acid-test Net accounts receivables ratio Net sales revenue Prepaid expenses :Short-term investments current year. Total current assets enter the amounts and compute the inventory turnover for the current year. (Round your answer to Total current liabilities Inventory turmover 10. Compute the oross nrofit nercentage for the current vear , Compute the current ratio for the current year. Beain by selecting the formula labels, then enter the amounts and compute the current ratio for the current year. (Round your answer to two decimal places. X Current ratio 8. Compute the acid-test ratio for the current year. Select the formula labels. enter the amounts and compute the acid-test ratio for the current vear, (Abbreviations used: Net AR Inventory, ST investments Short-term Investments. Round your answer to two decimal places, X.XX) Net Accounts Receivables. Merch Acid-test )/ ratio Cash 9. Cost of goods sold wer for the current year Be Gross proft labels, then enter the amounts and compute the inventory turnover for the current year. (Round your answer to two decimal places, X.XX Merchandise inv Inventory tunover Net AR Net sales revenue 10. Prepaid expenses ST investments Be Total current assets arcentage for the current year labels, then enter the amounts and compute the gross profit percentage for the current year. (Round your answer to the nearest whole percew Gross profit percentage Total current labilities % Choose from any list or enter any number in the input fields and then continue to the next question Begin by selecting the formula labels, then enter the amounts and compute the current ratio for the current year. (Round your answer to two decimal place Current ratio Average merchandise inventory i Cash urrent year. Cost of goods sold ounts and compute the acid-test ratio for the current year. (Abbreviations used: Net AR = Net Accounts Receivables, Me n Investments. Round your answer to two decimal places, XXX) i Gross profit Merchandise inventory Acid-test Net accounts receivables ratio Net sales revenue Prepaid expenses Short-term investments the current year. Total current assets then enter the amounts and compute the inventory turnover for the current year. (Round your answer to two decimal places, X Total current liabilities Inventory turmover 10. Compute the gross profit percentage for the current year. Begin by selecting the formula labels, then enter the amounts and compute the gross profit percentage for the current year. (Round your answer to the nearest whole per Gross profit percentage 9% Choose from any list or enter any number in the innut fiolds 8. Compute the acid-test ratio for the current year. Select the formula labels. enter the amounts and compute the acid-test ratio for the current year. (Abbreviations used: Net AR Net Accounts R Inventory, ST investments Short-term Investments. Round your answer to two decimal places, X.XX.) Acid-test Average merchandise inventory ratio Cash Cost of goods sold the current year. Gross profit 1 Merchandise inventory then enter the amounts and compute the inventory turnover for the current year. (Round your answer to two dec Net accounts receivables Inventory turnover Net sales revenue Prepaid expenses Short-term investments ge for the current year Total current assets then enter the amounts and compute the gross profit percentage for the current year. (Round your answer to the nea Total current liabilities Gross profit percentage % Choose from any list or enter any number in the input fields and then continue to the next question 17 of 20 (14 complete) include the following items: Compute the following ratios for the current year (Click the icon to view the ratios.) X decim Data Table r th 1 Current Year Preceding Year ear. Balance Sheet: nd c ment Cash ts Recei 12,000 $ 7,000 Short-term Investments 5,600 10,900 Net Accounts Receivable 21,100 23,500 Merchandise Inventory 32,800 25,600 Prepaid Expenses 6,500 4,200 rrent y Total Current Assets 78,000 71,200 Total Current Liabilities enter th 54,300 39,500 to two decim Income Statement: Net Sales Revenue 186,900 Cost of Goods Sold 126,800 or the cu enter th wer to the nea Print Done % ber in the input fields and then continue to the next