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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

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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 current year: O (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, XXx) Current ratio Financial Statements Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold 16,000 S 15,000 60,000 68,000 90,000 249,000 137,000 31,000 23,000 84,000 74,000 9,000 221,000 84,000 480,000 316,000 Print Done More Info a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. f. g. Days' sales in inventory Days' sales in receivables Gross profit percentage Print Done

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