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The financial statements of Victor's Natural Foods include the following items: (Click the icon to view the financial statements.) Compute the following ratios for the
The financial statements of Victor'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.) Currentratio=Totalcurrentassets/Totalcurrentliabilities= b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) Cash ratio =( Cash + Cash equivalents )/ Total current liabilities = c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, X.XX.) Acid-testratio=(Cash+STI+Netcurrentreceivables)/Totalcurrentliabilities= d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, X.XX.) Inventoryturnover=Costofgoodssold/Averagemerchandiseinventorytimes Dayssalesininventory=1days Days' sales in receivables = = days Financial Statements
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