Do Homework - Week 5 Chapter F:17 - Work - Microsoft Edge X https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=649623340&questionld=1&flushed=false&cld=7400972¢erwin=yes BAC102 Summer 2023 Michael Dudlek 06/06/23 9:50 PM noillework. vveen a cllapler r. I Part 1 of 7 O Points: 0 of 5 Save Question list K The financial statements of Velma's Natural Foods include the following items: Compute the following ratios for the current year: (Click the icon to view the financial statements.) i (Click the icon to view the ratios.) Question 1 a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) O Question 2 Current ratio = O Question 3 X Financial Statements Question 4 Current Year Preceding Year Balance Sheet: Question 5 Cash $ 15,000 $ 27,000 Short-term Investments 10,000 21,000 O Question 6 Net Accounts Receivables 58,000 92,000 Merchandise Inventory 86,000 80,000 Prepaid Expenses 20,000 7,000 Total Current Assets 189,000 227,000 Total Current Liabilities 139,000 90,000 Income Statement: Net Credit Sales $ 462,000 Cost of Goods Sold 319,000 Help me solve this Etext pages Get mo Print Done Clear all Check answer 6:50 PM Type here to search W 65OF Haze cl's 6/6/2023Do Homework - Week 5 Chapter F:17 - Work - Microsoft Edge X https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=649623340&questionld=1&flushed=false&cld=7400972¢erwin=yes BAC102 Summer 2023 Michael Dudlek 06/06/23 9:50 PM E Homework: Week 5 Chapter F:17 Question 3, EF17-18 (similar to) HW Score: 0%, 0 of 25 points Part 1 of 7 Points: 0 of 5 Save Question list K The financial statements of Velma's Natural Foods include the following items: Compute the following ratios for the current year: (Click the icon to view the financial statements.) i (Click the icon to view the ratios.) O Question 1 a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) O Question 2 Current ratio = Question 3 Question 4 - X More info O Question 5 a. Current ratio e. Days' sales in inventory b. Cash ratio f. Days' sales in receivables C. Acid-test ratio g. Gross profit percentage Question 6 d. Inventory turnover Print Done Help me solve this Etext pages Get more help - Clear all Check answer Type here to search W X 6:50 PM 65OF Haze 6/6/2023