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, XXX.) 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 it then click Check Answer i Financial Statements Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities - X 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 Income Statement: Net Credit Sales $ 470,000 Cost of Goods Sold 320,000 Print Done i 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