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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

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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 ratios) (click the icon to view the financial statements) 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 at Financial Statements year 1 em CO Current Year Preceding Year d your a Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory 23,000 $ 14.000 54 000 78 000 10.000 179.000 140,000 29,000 20,000 76,000 82,000 8000 215,000 91,000 |Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales 463 000 Cost of Goods Sold 320.000 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 Print Done

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