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The financial statements of Victor's Natural Foods include the following items: : (Click the icon...

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The financial statements of Victor's Natural Foods include the following items: : (Click the icon to view the financial statements.) 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, X.XX.) Financial statements Current ratio = Current Year Preceding Year Balance Sheet: Cash $ 22,000 $ 13,000 26,000 20,000 Short-term Investments 58,000 94,000 62,000 80,000 15,000 12,000 Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales 214.000 188,000 133,000 93,000 $ 465,000 315,000 Cost of Goods Sold Print Done X 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

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