Question: Please andwer this The financial statements of the news magazine publisher Daily Rain Inc. include the following items: Selected Balance Sheet Items Cash Short term

Please andwer this
The financial statements of the news magazine publisher Daily Rain Inc. include

The financial statements of the news magazine publisher Daily Rain Inc. include the following items: Selected Balance Sheet Items Cash Short term investements Accounts receivables, net Inventory Prepaid expenses Total: 2021 $28,500 24,000 63,000 92,600 23,200 231,300 2020 $35,300 32,900 80,000 88,000 18,400 254,600 Furthermore, the company shows total non-current assets of $9,325,000 and $9,334,000 for the years 2021 and 2020, respectively. The current liabilities total $207,600 and $195,800 for the years 2021 and 2020, respectively. Daily Rain Inc. realized net credit sales of $2,954,000 and recorded $2,825,000 in costs of goods sold for the year 2021. stion 18 Unsaved equirement 1: Compute the following ratios for the year 2021 and enter the responses in the blanks below. Blank #1: Current ratio (round to two digits) Blank #2: Quick (acid test) ratio (round to two digits) Blank #3: Inventory turnover (round to one digit) Blank #4: Accounts receivable turnover (round to one digit)

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