The two stores of Veginia's Natural Foods include the following Chix the conto vew the funcil statements Current Year Preceding Year $ 21.0035 30,000 52.000 78,000 14.000 26.000 22.000 78,000 82.000 4.000 Balance Sheet Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current abilities Income Statement Net Credit Sales Cost of Goods Sold 154 000 700.000 80,000 a. Compute the current to the current year (Abbreviations et STI Shortom investors. Round your answer to tu Qurant Total current sols/Total current tablet 1.4 D. Compute the cath ratio for the current year. (Round your answer to decimal XXX) Cash (Cash Cash equivales Total currenties 0.16 c. Compute the acid fost ratio for the current year Round your answer to two decimo.XXX Andrest rate 365 days /Accounts receivable turnover ratio 365 days / Inventory turnover 365 days / Total current assets (Cash + Cash equivalents)/Total current liabilities (Cash Prepaid expenses) / Total current abilities 139.000 5 468,000 310,000 More Info # Current b. Caso And strain d. Inventory tumore! Days in vertory Days in receivable Gross profit percentage (Cash-STI- Not current receivables) / Total current liabilities Print Done Cost of goods sold / Average merchandise inventory Gross profit/Not sales revenue Net sales revenue / Gross profit Help Me Solve Total current assets/Total current liabilities Comune CH Current YM The financial statements of Virgini's Natural Foods include the following me Back the icon to view the financiaments) Preceding Year 14 Compute the current ratio for the current you. (Atbreviations used: ST Shorters. Round your answer to two decom Current ratio Total current sets/Total current attes b. Compute the cash rate for the current year. Round your answer to two decimal places. XXX) Cash natio Cash Cashagavalerits/Total current label 0.16 . Compute the cost ratio for the current year. (Round your awer to two decimal places, Xxx 21,000 $ 19.000 12.000 70.000 14000 25.000 22.000 75.000 B2000 4.000 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 400O 131.000 209.000 00.000 Acid-instrato $ 68.000 310.000 X More Info 365 duro/Accounts receivable turnover ratio 365 days / Inventory turnover 365 days / Total current assets (Cash Cash equivalents)/Total current liabilities (Cash Prepaid expenses) / Total current liabilities (Cash + STI. Net current receivablos) / Total current liabilities Cost of goods sold / Average merchandise inventory Gross proft/Not sales revenue Net sales revenue/Gross profit Help Me Solve Total current assets/Total current liabilities . Oratio 1. Cash to 6 Acid-teatro ditentory umover Day sales in invertory Days in ovet Om profpercentage Print Done (Click The financial statements of Virginia'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 decima 1.4 Total current assets/Total current liabilities Current ratio 0.16 b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) (Cash + Cash equivalents) / Total current liabilities c. Compute the acid-test ratio for the current year. (Round your answer to two decimal places, XXX.) Cash ratio Acid-test ratio 365 days / Accounts receivable turnover ratio 365 days / Inventory turnover N 365 days / Total current assets (Cash + Cash equivalents) / Total current liabilities (Cash + Prepaid expenses) / Total current liabilities (Cash + STI + Net current receivables) / Total current liabilities Cost of goods sold / Average merchandise inventory Gross profit/ Net sales revenue Net sales revenue / Gross profit Help Me Solve Total current assets/Total current liabilities Current Year Preceding Year Balance Sheet: 25,000 21,000 $ $ Cash 19,000 22,000 Short-term Investments Net Accounts Receivables 52,000 76,000 78,000 14,000 82,000 4,000 Merchandise Inventory Prepaid Expenses Total Current Assets 184,000 209,000 86,000 131,000 Total Current Liabilities Income Statement: $ Net Credit Sales 468,000 310,000 Cost of Goods Sold More Info a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage