Current Year Preceding Year Balance Sheet: Cash $ 16,000 $ 26,000 Short-term Investments 19,000 28,000 60,000 92,000 Net Accounts Receivables Merchandise Inventory 78,000 17,000 74,000 6,000 Prepaid Expenses Total Current Assets 190,000 226,000 82,000 136,000 Total Current Liabilities Income Statement: Net Credit Sales $ 476,000 312,000 Cost of Goods Sold More info X 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 The financial statements of Varie's Natur Foods include the following om im Clotheson to view the financialmente) Compute the following ratios for the current year the won tu view the roa) a. Compute the current raid for the current year. Are Thonorisert. Round your answer to woma, XXK) Current ratio- Tours - Total current 14 h. Compute the cash wie for the year round your answer to two decals XXX) Cath ratio (Cash Cashewives) Total Barrante 03