This Question: 1 pl Compute the following ratios for the current year bon to view the ratios.) The financial statements of Nitrate Corporation include the following itens: Data Table 7. for the current year. (Round your answer to two Be dec Preceding Year Current Year Current ratio Balance Sheet G 10,000 14.000 $ Cash 12,500 5,800 Short-term Investments 23.100 20,800 8.0 Net Accounts Receivable ear. (Abbreviations used: Net AR Net 25,000 31,000 Merchandise Inventory Sel Acc ded - X 4,200 7,600 More Info Prepaid Expenses 75,400 79,800 Total Current Assets 38,100 55.300 Total Current Liabilities 7. Current ratio Income Statement 8. Acid-test ratio 9. Inventory turnover 10. Gross profit percentage 180.000 Net Sales Revenue 120.900 9. C Cost of Goods Sold Beg dec Done Print Done Print Choose from any list or enter any number in the input fields and then continue to the ne X This Test: 20 pts possible 6 of 20 (0 complele) This Question: 1 pt Compute the following ratios for the current year The financial statements of Nitrate Corporation include the following itens: Mi (Click the icon to view the data.) i Click the icon to view the ratios.) 7. Compute the aurrent ratio for the current year Begin by selecting the formude labels, then enter the amounts and compute the current ratio for the current year. (Round your answer fo two decimal places, XXX) Current ratio 8. Compute the acid-test ratio for the current year. Select the formule labels, enter the amounts and oompute the acid-test ratio for the current year. (Abbreviations used: Net AR Net Accounts ReOeivables, Merchandise Inv. Merchandise Inventory, ST investments Short-term Investments. Round your answer to two decimal places, X.XX) Acid-test ratio 4 9. Compute the inventory tunover for the current year. Begin by selecting the formula labels, thern enter the amounts and oompute the inventory turnover for the current year. (Round your answer to two decimal places. XXX) Inventory turnover Choose from any list or enter any number in the input fields and then continue to the next