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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
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 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 decin i Financial Statements Current ratio b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) Current Year Preceding Year Cash ratio Balance Sheet: Cash c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, X.XX.) 16,000 $ 14,000 30,000 21,000 Short-term Investments Acid-test ratio Net Accounts Receivables 60,000 88,000 d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, X.XX.) Merchandise Inventory 76,000 16,000 82,000 12,000 Inventory turnover times Prepaid Expenses Total Current Assets Total Current Liabilities 182,000 e. Compute the days' sales in inventory for the current year. (Round intermediary calculations to two decimal places, X.XX and round 233,000 82,000 135,000 Days' sales in inventory Income Statement: days Net Credit Sales f. Compute the days' sales in receivables for the current year. (Round intermediary calculations to two decimal places, X.XX and roun 476,000 316,000 Cost of Goods Sold Days' sales in receivables = days g. Compute the gross profit percentage for the current year. (Round your answer to one tenth of a percent, X.X%.) Print Done Done Gross profit percentage %
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