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The financial statements of Viva's Natural Foods include the following items: (Click the icon to view the financial statements.) a. Compute the current ratio
The financial statements of Viva's Natural Foods include the following items: (Click the icon 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 Financial Statements More info Current Year Preceding Year Balance Sheet: a. Current ratio e. Days' sales in inventory Cash 17,000 $ 29,000 b. Cash ratio f. Days' sales in receivables c. Acid-test ratio g. Gross profit percentage Short-term Investments 11,000 27,000 d. Inventory turnover Net Accounts Receivables 46,000 80,000 Merchandise Inventory 82,000 60,000 20,000 12,000 Prepaid Expenses Total Current Assets 176,000 208,000 Print Done Total Current Liabilities 133,000 89,000 Income Statement: Net Credit Sales 470,000 Cost of Goods Sold 315,000 Print Done Compute the following ratios for the current year: i (Click the icon to view the ratios.)
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