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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

image text in transcribedimage text in transcribed 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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