The financial statements of Vanna's Natural Foods include the following items: (Click the icon to view the financial statements.) Compute the following ratios for the current your (Click the icon to view the ratio) a. Compute the current ratio for the current year. (Abbreviations used: STI - Short-term investments. Round your answer to two decimal plane X Current ratio - X i Financial Statements Current Year Preceding Year Balance Sheet: Cash $ 30,000 21,000 $ 16,000 27,000 Short-term Investments Net Accounts Receivables 40,000 76,000 62,000 12,000 66,000 13,000 Merchandise Inventory Prepaid Expenses i More Info 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 X Financial Statements 62,000 Merchandise Inventory 66,000 13,000 12,000 Prepaid Expenses Total Current Assets 156,000 207,000 131,000 90,000 Total Current Liabilities Income Statement: Net Credit Sales $ 465,000 310,000 Cost of Goods Sold Print Done