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.) 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 = 365 days / Accounts receivable turnover ratio 365 days/Inventory turnover 365 days/Total current assets (Cash Cash equivalents) / Total current liabilities (Cash + Prepaid expenses) / Total current liabilities (Cash + STI + Net current receivables)/Total current liabilities Cost of goods sold / Average merchandise inventory Gross profit/ Net sales revenue Net sales revenue / Gross profit Total current assets / Total current liabilities ural Foods include the following items: Compute the following ratios for the current y i Financial Statements - X d Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Current Year Preceding Year $ 18,000 $ 30,000 14,000 30,000 52,000 92,000 84,000 60,000 17,000 5,000 185,000 217,000 135,000 82,000 Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales $ 470,000 Cost of Goods Sold 320,000 Print Done i More Info a. Current ratio e. Days' sales in inventory b. Cash ratio f. Days' sales in receivables C. Acid-test ratio g. Gross profit percentage d. Inventory turnover Print Done