Styles s Find b) Current Year Preceding Year Balance Sheet: Cash Short-term investments Net receivables Inventory Prepaid expenses Total current assets Total current liabilities Income Statement: Net credit sales Cost of goods sold $ 17,000 11,000 64.000 77.000 16,000 $185.000 $111.000 $ 22.000 26.000 73.000 71.000 8.000 $200.000 $ 91,000 $654,000 327,000 The financial statements of Nexus Enterprises include the following items: (10 marks) a. You are required to calculate the following ratios: Current ratio b. Accounts receivable turnover Quick (acid-test) ratio d. Days' sales in receivables e. Inventory turnover c