ecent S E-F:17-18 Computing key ratios (Learning Objective 4) The financial statements of Valerie's Natural Foods include the following items: Balance Sheet: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold Current Year $ 16,000 19,000 60,000 78,000 17,000 190,000 136,000 $ 476,000 312,000 Preceding Year Compute the following ratios for the current year: $ 26,000 28,000 92,000 74,000 6,000 226,000 82,000