7. A company comparative partial balance sheets and partial income statement are presented. Current Year Preceding Year 26,000$ 33,000 Balance sheet: Cash 40,000 22,000 89,000 65,000 88,000 Net receivables Inventory Prepaid expenses Total current assets Total current liabilities 82,000 s 227,000 266.000 s 159,000 118,000 5 497,000 350,000 Net credit sales sold instructions: compute the following ratios for the current year. Show the formulas used and each result. Do not round and use at least 2 decimal spaces a) Current ratio b) Acid-test ratio c) Inventory turnover d) Days in inventory e) Days in accounts receivable