The financial statements of Victor's Natural Food include the following items: Details Current Year ($) Preceding year ($) Cash 15000 20000 Short term investments 11000 27000 Accounts receivables 54000 73000 Inventory 77000 69000 Prepaid expenses 15000 9000 Total current assets 172000 198000 Total Current Liabilities 133000 140000 Income statement Net credit sales 462000 Cost of sales 315000 Required: Calculate the following ratios for the current year a. Current ratio b. Acid test ratio