1. A company comparative partial balance sheet and partial income statement are presented.

(El estado de situacin parcial y el estado de ingresos y gastos parciales comparados son presentados por la compaa.)

Instructions: Compute the following ratios for the current year. (In the answer use only 2 decimal spaces Do not round the answer.). (Calcule las siguientes proporciones (ratios) para el current year. (Use solo 2 espacios decimales en la respuesta, NO redondee la respuesta)

a. Current ratio b. Acid-test ratio c. Inventory turnover

d. Days in inventory e. Days in accounts receivables.

1. A company comparative partial balance sheet and partial income statement are presented. (El estado de situacin parcial y el estado de ingresos y gastos parciales comparados son presentados por la compaa.) Instructions: Compute the following ratios for the current year. (In the answer use only 2 decimal spaces Do not round the answer.). (Calcule las siguientes proporciones (ratios) para el current year. (Use solo 2 espacios decimales en la respuesta, NO redondee la respuesta) a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days in inventory e. Days in accounts receivables. Current Year Preceding Year $ 26,000 $ 33,000 22,000 40,000 65,000 89,000 88,000 82,000 26,000 22,000 $ 227,000 $ 266,000 $ 159000 $ 118,000 $ 497,000 350,000 Balance sheet Cash Short-term investment Net accounts receivables Inventory Prepaid expenses Total current assets Total current liabilities Income Statement: Net credit sales Cost of goods sold