The financial statements of Leader Ben, Inc., include the following items B (Click the icon to view the financial statements.) Read the requirement. Requirement 1a. Compute the current ratio. . Data table Select the formula and then enter the amounts to calculate the current ratio for the current year. (Round your answer to two decimal places.) Current assets Current liabilities Current ratio $ 150,000 $ 83.800 1.79 Current Year Previous Year Balance Sheet $ Requirement 16. Compute the quick ratio. (Round your answer to two decimal places.) (. 1 Cash ST Investments + Net current receivables ) + $ 11.000 + $ 16,000 + $ 56,000 = Current liabilities 83,800 Quick ratio 0.99 51.000 32.000 Requirement 1c. Compute the cash conversion cycle. (Do not round any intermediary calculations. Round to the nearest full day and use a 365-day year for your computations.) 11,000 $ 16,000 56,000 55,000 . 12,000 150,000 FOOD 42,000 83,800 73,000 42.000 14,000 Cash Short-term investments Accounts receivables, no Inventory Prepaid expenses Total current assets Accounts payable Tatal current liabilities Income Statement Net sales Cash conversion cycle Days -sales-in-inventory A/R collection period AP payment Period 212.000 36,000 days 90.000 $ Cost of goods sold Net income 464,000 318,000 55,000 Print Done Requirement 1. Compute the following ratios for the current year: (a) current ratio, (b) quick ratio, (c) cash conversion cycle, (d) accounts receivable turnover, (e) inventory turnover, (f) gross profit percentage, and (g) net income percentage. Round all calculations to two decimal places, days to full days, and percentages to the nearest tenth of a percent. Assume all sales are on credit. (Abbreviations used: A/R = Accounts receivable, Avg = Average, ST = Short- term.)