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The financial statements of Viva's Natural Foods include the following items: B3: (Click the icon to view the financial statements.) Compute the following ratios for
The financial statements of Viva's Natural Foods include the following items: B3: (Click the icon to view the financial statements.) Compute the following ratios for the current year (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 decimlet places, Xxx.) Current ratio Total current assets / Total current liabilities b. Compute the cash ratio for the current year. (Round your answer to two decimal places, XXX) V Cash ratio (Cash + Cash equivalents) / Total current liabilities c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, X.XX.) Acid-test ratio (Cash + STI + Net current receivables) / Total current liabilities d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, X.XX.) times Inventory turnover = Cost of goods sold / Average merchandise inventory 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.) Choose from any list or enter any number in the input fields and then continue to the next question. a Type here to search 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 (Click the icon to view the ratios.) ERRO Acid-test ratio (Cash + STI + Net current receivables) / Total current liabilities d. Compute the inventory turnover for the current year. (Round your answer to two decimal places, X.XX.) Inventory turnover = Cost of goods sold / Average merchandise inventory times e. Compute the days' sales in inventory for the current year. (Round intermediary calculations to two decimal places, XXX and round your final answer to the nearest whole day.) Days' sales in inventory 365 days / Inventory turnover 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 XX%.) Gross profit percentage Gross profit/Net sales revenue % Choose from any list or enter any number in the input fields and then continue to the next question. Financial Statements X clude the follow .) ar Current Year Preceding Year Balance Sheet: =ceivables) / Toi Cash $ 21,000 Short-term Investments year. (Round ya Net Accounts Receivables Merchandise Inventory 18,000 $ 15,000 40,000 76,000 16,000 21.000 94,000 80,000 12.000 age merchandi rent year. (Rou Prepaid Expenses bt whole day.) Total Current Assets 165.000 228.000 1 turnover Total Current Liabilities 131.000 93,000 Current year. (R Income Statement: whole day.) Net Credit Sales $ 468.000 Cost of Goods Sold 320.000 rrent year. (Roul t sales revenue Print Done e input fields ar
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