Question: Complete the ratios for the current year: Current Year Preceding Year Balance Sheet: Cash $ 16,000 $ 26,000 Short Term Investments 19,000 27,000 Net Accounts

Complete the ratios for the current year:

Current Year

Preceding Year

Balance Sheet:

Cash

$ 16,000

$ 26,000

Short Term Investments

19,000

27,000

Net Accounts Receivable

60,000

92,000

Merchandise Inventory

78,000

74,000

Prepaid Expenses

17,000

6,000

Total Current Assets

190,000

226,000

Total Current Liabilities

136,000

82,000

Income Statement:

Net Credit Sales

476,000

Cost of Goods Sold

312,000

  1. Current ratio E. Days sales in inventory

  2. Cash ratio F. Days sales in receivables

  3. Acid-test ratio G Gross profit percentage

  4. Inventory Turnover

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