Question 40 Selected financial statement data for Mure Company are presented below. Cash Short-term investments Accounts receivable (net) Inventory Total current liabilities December 31, 2017 $ 40,000 20,000 100,000 80,000 100,000 December 31, 2016 $30,000 18,000 90,000 60,000 90,000 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 Compute the acid-test ratio at December 31, 2017. (Round answer to 2 decimal places, e.g. 2.15:1) Acid-test ratio :1 Compute the accounts receivable turnover at December 31, 2017. Accounts receivable turnover times Compute the inventory turnover at December 31, 2017. Inventory turnover. times