The financial statements of Viva'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 = Financial Statements \begin{tabular}{lccc} \hline & Current Year & Preceding Year \\ \hline Balance Sheet: & & \\ Cash & $ & 24,000 & 27,000 \\ Short-term Investments & 11,000 & 27,000 \\ Net Accounts Receivables & 58,000 & 72,000 \\ Merchandise Inventory & 84,000 & 62,000 \\ Prepaid Expenses & 13,000 & 6,000 \\ Total Current Assets & 190,000 & 194,000 \\ Total Current Liabilities & 132,000 & 90,000 \\ Income Statement: & & \\ \cline { 2 - 3 } & & & \\ Net Credit Sales & $63,000 & \\ \hline Cost of Goods Sold & 316,000 & \\ \hline \end{tabular} More info a. Current ratio e. Days' sales in inventory b. Cash ratio f. Days' sales in receivables c. Acid-test ratio g. Gross profit percentage d. Inventory turnover