F17-18 (similar to) i Financial Statements - The financial statements of Valerie's Natural Foods include the following items: B! (Click the icon to view the financial statements.) Compute the fol (Click the Current Year Preceding Year a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two Balance Sheet: $ Current ratio Cash Short-term Investments Net Accounts Receivables 16,000 $ 19,000 27,000 29,000 84,000 44,000 86,000 Merchandise Inventory 60,000 16,000 12,000 181,000 212,000 365 days / Accounts receivable turnover ratio 365 days / Inventory tumover 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 Total current assets / Total current liabilities 132,000 87,000 Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold $ 465,000 313,000 Print Done * 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 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done 6 parts Check Answer remaining