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The financial statements of Vanna's Natural Foods include the following items: Compute the following ratios for the current year Click the icon to view the
The financial statements of Vanna's Natural Foods include the following items: Compute the following ratios for the current year Click the icon to view the financial statements.) (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, XX ) Current ratio b. Compute the cash ratio for the current year. (Round your answer to two decimal places, XXX.) Cash ratio c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, X.XX.) Acid-test ratio d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, XXX.) nventory 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 inventoryL times days e. Compute the days' sales in inventory for the current year. (Round intermediary calculations to two decimal places, XXxX 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, XXX and round your final answer to nearest whole day.) Days' sales in receivables g. Compute the gross profit percentage for the current year (Round your answer to one tenth of a percent. XX%) Gross profit percentage days days Financial Statements Compute the following ratios for the current year Click the icon to view the ratios.) Current Year Preceding Year More Info Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold 21,000 $ 11,000 60,000 68,000 20,000 180,000 139,000 30,000 29,000 90,000 78,000 9,000 236,000 93,000 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 Print Done 480,000 X.X%.) 311,000 PrintDone
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