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ES Question 2 Selected financial statement data for Mure Company are presented below. December 31, December 31, 2017 2016 Cash $ 40,000 $30,000 Short-term investments 20,000 18,000 Accounts receivable (net) 100,000 90,000 Inventory 80,000 60,000 Total current liabilities 100,000 90,000 ly During 2017, net sales were $950,000, and cost of goods sold was $770,000. Compute the current ratio at December 31, 2017. (Round answer to 1 decimal place, e.g. 2.1:1) Current ratio :1 LINK TO TEXT Compute the acid-test ratio at December 31, 2017. (Round answer to 2 decimal places, e.g. 2.15:1) Acid-test ratio :1 LINK TO THE ES During 2017, net sales were $950,000, and cost of goods sold was $770,000. Compute the current ratio at December 31, 2017. (Round answer to 1 decimal place, e.g. 2.1:1) Current ratio 2.4 LINK TO TEXT y Compute the acid-test ratio at December 31, 2017. (Round answer to 2 decimal places, e.g. 2.15:1) Acid-test ratio :1 LINK TO TEXT Compute the accounts receivable turnover at December 31, 2017 Accounts receivable turnover times LINK TO TEXT Compute the inventory turnover at December 31, 2017. Inventory turnover. times LINK TO TEXT MacBook Air