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The financial statements of Virginia's Natural Foods include the following items: (Click the icon to view the financial statements.) Compute the following ratios for
The financial statements of Virginia's Natural Foods include the following items: (Click the icon to view the financial statements.) Compute the following ratios for the current year: i (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.) Current ratio = b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) Cash ratio c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, X.XX.) Acid-test ratio d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, X.XX.) Inventory turnover = times 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' sales in inventory = days f. Compute the days' sales in receivables for the current year. (Round intermediary calculations to two decimal places, X.XX and round your final answer to nearest whole day.) Days' sales in receivables = days g. Compute the gross profit percentage for the current year. (Round your answer to one tenth of a percent, X.X%.) Gross profit percentage %
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