The financial statements of Velma'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.) X i i X More Info Financial Statements a. Current ratio Current Year Preceding Year b. Cash ratio e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Balance Sheet: c. Acid-test ratio d. Inventory turnover Cash 28,000 Short-term Investments 16,000 $ 15,000 58,000 25,000 Print 86,000 Net Accounts Receivables Done Merchandise Inventory 68,000 90,000 62,000 2,000 Prepaid Expenses Total Current Assets 247,000 203,000 134,000 85,000 Total Current Liabilities Income Statement: Net Credit Sales $ 474,000 Cost of Goods Sold 319,000