WIS EF 17-18 (similar to) The financial statements of Victor's Natural Foods include the following items: (Click the icon to view the financial statements.) Question Help 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 decimal places, Xxx.) Current ratio 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+Not current receivables)/Total current liabilities Cont of goods sold / Average merchandise inventory Gross profit/Net sales revenue Net sales revenue 1 Gross profit Total current assets/Total current liabilities Choose from any list or enter any number in the input fields and then click Check Answer 2 6 Parts Clear All Check Answer remaining i More Info a. Current ratio b. Cash ratio Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage C. Print Done Financial Statements X i Current Year Preceding Year Balance Sheet: Cash $ 23,000 $ 25,000 13,000 Short-term Investments Net Accounts Receivables Merchandise Inventory 22,000 76,000 62,000 74,000 16,000 64,000 5,000 Prepaid Expenses Total Current Assets 188,000 192,000 83,000 135,000 Total Current Liabilities Income Statement: Net Credit Sales $ 463,000 Cost of Goods Sold 313,000 Print Done