The financial statements of Evans News, Inc., include the following items: (Click the icon to view...

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The financial statements of Evans News, Inc., include the following items: (Click the icon to view the financial statements.) Read the requirements Requirement 1. Calculate the following ratios for 2021 and 2020. When calculating days, round your answer to the nearest whole number. a. Current ratio. Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places, XXX) 2021 2020 = Current ratio Data table 2021 2020 2019 - Balance sheet: Cash $ 22,000 $ 28,000 Short-term investments 15,000 24,000 Net receivables 46,000 69,000 20,000 Inventory 91,000 77,000 62,000 11,000 10,000 Prepaid expenses Total current assets 185,000 208,000 Accounts payable 55,000 60,000 25,000 Total current liabilities 138,000 91,000 Income statement: Net credit sales $ 500,000 $ 509,000 Cost of goods sold 278,000 285,000 Print Done The financial statements of Evans News, Inc., include the following items: (Click the icon to view the financial statements.) Read the requirements Requirement 1. Calculate the following ratios for 2021 and 2020. When calculating days, round your answer to the nearest whole number. a. Current ratio. Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places, XXX) 2021 2020 = Current ratio Data table 2021 2020 2019 - Balance sheet: Cash $ 22,000 $ 28,000 Short-term investments 15,000 24,000 Net receivables 46,000 69,000 20,000 Inventory 91,000 77,000 62,000 11,000 10,000 Prepaid expenses Total current assets 185,000 208,000 Accounts payable 55,000 60,000 25,000 Total current liabilities 138,000 91,000 Income statement: Net credit sales $ 500,000 $ 509,000 Cost of goods sold 278,000 285,000 Print Done