a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio = Financial Statements Balance Sheet: Cash - More info Current Year Preceding Year a. Current ratio e. Days' sales in inventory $ b. Cash ratio 17,000 $ f. Days' sales in receivables 21,000 c. Acid-test ratio g. Gross profit percentage 9,000 23,000 d. Inventory turnover 62,000 94,000 68,000 60,000 11,000 8,000 Print Done 167,000 206,000 135,000 87,000 Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales $ 476,000 Cost of Goods Sold 315,000 Print Done - X