The financial statements of Valerie's Natural Foods include the following items: (Click the icon to view the financial statements.) Compute the following ratios for the current year: (Click the icon to view the ratios.) a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio = Current Year Preceding Year Balance Sheet: Cash $ 26,000 Short-term Investments 22,000 $ 14,000 58,000 22,000 Net Accounts Receivables 82,000 Merchandise Inventory 74,000 20,000 78,000 9,000 Prepaid Expenses Total Current Assets 188,000 217,000 Total Current Liabilities 133,000 93,000 Income Statement: Net Credit Sales $ 462,000 Cost of Goods Sold 311,000 a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage