Question: table [ [ Account , Current year,Prior year ] , [ Cash , $ 2 5 , 0 0 0 , $ 1 5

\table[[Account,Current year,Prior year],[Cash,$25,000,$15,900],[Accounts receivable, net $45,000,$23,200],[Inventory,$37,000,$25,000],[Prepaid expenses,$2,000,$1,500],[Total current assets,$109,000,$65,600],[Total long-term assets,$62,000,$38,000],[Total current liabilities,$52,500,$41,600],[Total long-term liabilities,$20,000,$22,700],[Common stock, no par,],[3,000 shares, value $50/share,$30,000,$30,000],[Net sales (all credit),$520,125,$499,500],[Cost of goods sold,$375,960,$353,600],[Gross profit,$144,165,$145,900],[Income from Operations,$95,500,$79,900],[Interest expense,$23,000,$19,500],[Net income,$57,600,$51,600]]
Required:
q, What is the acid-test ratio for the current year?
What is the inventory turnover for the current year?
What is days' sales in receivables for the current year?
What is the rate of return on total assets for the current year?
What is the times-interest-earned ratio for the current year?
What is the current ratio for the current year?
Round answers to two decimal places, don't include dollar signs, commas or words in answer.
\ table [ [ Account , Current year,Prior year ] ,

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Lets calculate the required financial ratios based on the given data Heres how we proceed with each calculation 1 AcidTest Ratio Current Year The acid... View full answer

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