The financial statements of National News Inc. include the following items:

Current YearPreceding YearBalance Sheet:Cash$$17,000$$$22,000$Short$-$term investments$11,00026,000$Net receivables$64,00073,000$Inventory$77,00071,000$Prepaid expenses$16,0008,000$Total current assets$$$$185,000$$$200,000$Total current liabilities$$111,000$$$91,000$Income Statement:Net credit sales$$654,000$Cost of goods sold$327,000$

Requirement

Compute the following ratios for the current year:

Current ratio

Quick $($acid$-$test$)$ ratio

Inventory turnover

Accounts receivable turnover

Days$$ sales in receivables