the financial statements of victors natural foods include the following items
Compute the following ratios for the current year (Click the ioon to view the ratios.) The financial statements of Victor's Natural Foods include the following items: (Click the ioon to view the financial statements.) 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 b. Compute the cash ratio for the current year. (Round your answer to two decimal places, XXX.) Cash ratio c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, XXX) Acid-test ratio d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, XXX) times Inventory tumover e. Compute the days' salos in inventory for the current year. (Round intermediary calculations to two deaimal places, X XX and round your final answer to the nearest whole day) Compute the following ratios for the current year i (Click the icon to view the ratios.) The financial statements of Victor's Natural Foods include the following items: (Click the icon to view the financial statements.) Acid-test ratio d. Compute the inventory tumover for the current year. (Round your answer to two decimal places, XXX.) times Inventory turnover e. Compute the days' sales in inventory for the current year. (Round intermediary calculations to two decimal places, X.XX and round your final answer to the nearest whole day.) days Days' sales in inventory f. Compute the days' sales in receivables for the current year. (Round intermediary calculations to two decimal places, XXX and round your final answer to nearest whole day.) days Days' sales in receivables g. Compute the gross profit percentage for the current year. (Round your answer to one tenth of a percent, X.X %.) Gross profit percentage Preceding Year Current Year Balance Sheet: 25,000 16,000 $ Cash $ 22,000 Short-term Investments 9,000 60,000 74,000 Net Accounts Receivables 64,000 Merchandise Inventory 68,000 18,000 12,000 Prepaid Expenses Total Current Assets 171,000 197,000 Total Current Liabilities 139,000 85,000 Income Statement: Net Credit Sales $ 464,000 Cost of Goods Sold 316,000 Days' sales in inventory Current ratio e. a. Days' sales in receivables f. b. Cash ratio Gross profit percentage c. Acid-test ratio g. d. Inventory turnover