The financial statements of Harris News Inc. include the following items: B: (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 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 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 two decimal places.) Acid-test ratio 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 Choose from any list or enter any number in the input fields and then continue to the next question 2 Data Table Current Preceding Year Year Balance sheet: Cash $ Short-term investments 21,500 22,500 71,000 nt ratio. (Round 14,500 $ 10,000 63,500 78,500 17.500 Net receivables Inventory urrent ratio 70,000 4,500 Prepaid expenses Total current assets 184.000 189 500 113,000 94,000 test ratio (Abbre Total current liabilities Income statement: Net credit sales $ 656,000 328.000 Cost of goods sold ate inventory turn ventory turnover Print Done then continue to my