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The financial statements of Valarie's Natural Foods include the following items: Compute the following ratios for the current year (Cick the icon to view the

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The financial statements of Valarie's Natural Foods include the following items: Compute the following ratios for the current year (Cick the icon to view the ratios.) (Click the icon to view the financial statements.) a. Compute the current ratio for the current year. (Abbreviations used: STIShort-term investments. Round your answer to two decimal places, XXX.) Current ratio b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) Cash ratio c. Compute the acid-test ratlo for the current year. (Round your answer to two decimal places, XxX) Acid-test ratio d. Compute the inventory turnover for the current year. (Round your answer to to decimal places, XXX) Inventory turnover e. Compute the days' sales in inventory for the current year. (Round intermediary calculations to two decimal places, XXX and round your final answer to the nearest whole day Days' sales in inventory f. Compute the days' sales in receivables for the current year. (Round intermediary calculations to two decimal places, X.XX and round your final answer to nearest whole day.) Days' sales in recelvables g. Compute the gross profit percentage for the current year. (Round your answer to one tenth of a percent, XX%) Gross profit percentage Financial Statements Current Year Preceding Year Balance Sheet: Cash 15,000 3 Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assels Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold 19.000 46,000 82.000 15,000 177,000 132,000 23,000 29,000 90,000 62.000 2,000 206,000 84,000 times 466,000 315,000 Print Done

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