The partial financial statements of a company include the following items:

Balance sheet item: Current year Prior year

Cash $ 16,500 $ 23,500

Short-term investments 10,750 24,000

Net receivables 49,000 77,360

Inventory 81,000 78,500

Prepaid Expenses 21,500 8,000

Total current assets 178,750 211,360

Total current liabilities 125,000 86,000

Income Statement:

Net credit sales $ 477,050

Cost of goods sold 319,000

Requirement:

Compute the following ratios for the current year:

1) Current ratio

2) Acid-test ratio

3) Inventory turnover

4) Days sales in average receivables