a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio = Financial Statements i More Info X Current Year Preceding Year a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Balance Sheet: Cash $ 16,000 $ 19.000 27,000 29,000 84,000 44,000 Print Done Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: 86,000 16,000 60,000 12,000 181,000 132,000 212,000 87,000 $ 465,000 Net Credit Sales Cost of Goods Sold 313,000