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E1232B (Lecarming Objective 4 Computing five ratios) The financial statemern ts of E12-32B (Le Inc.,...

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E1232B (Lecarming Objective 4 Computing five ratios) The financial statemern ts of E12-32B (Le Inc., include the following items: Current Year Preceding Year Balance sheet: Casth. Short-term investments.. Net receivabl Inventory Prepaid expense Total current asset. 65,000 91,000 25,000 13,000 79,000 93,000 93,000 82,000 6,00012,000 285,000 97,000 75,000 Income statement: Sales revenue .494,000 Cost of goods sold 277,000 I Requirement 1. Compute the following ratios for the current year: a. Current ratio b. Acid-test ratio c. Receivable collection period d. Inventory resident period e. Payable outstanding period f. Cash conversion cycle

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