Remaining Time: 3 hours, 08 minutes, 45 seconds. Question Completion Status: The financial statements of Muller Pty Ltd include the following items: Details Current year ($ Cash Preceding year (S) 18,000 Short term investments 22,000 15,000 25,000 Accounts receivables 64,000 70,000 Inventory 88,000 65,000 Prepaid expenses 10,000 11,000 Total current assets 195,000 193,000 Income statement: Net credit sales 562,000 Cost of sales 298,000 Current liabilities 562,000 Required: Calculate the following ratios for the current year: a. Current ratio. (2 Marks) b. Acid test ratio. (2 Marks) (2 Marks) c. Inventory turnover. (2 Marks) d. Days in inventory. (2 Marks) e. Day's sales in accounts receivables. (2 Marks) f. Gross profit margin. Save All Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers