The financial statements of Valerie's Natural Foods include the following items:

Compute the following ratios for the current 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

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Preceding Year Current Year Balance Sheet: $ 16,000 $ 26,000 Cash Short-term Investments 19,000 28,000 Net Accounts Receivable 60,000 92,000 Merchandise Inventory 78,000 74,000 Prepaid Expenses 17,000 6,000 Total Current Assets 226,000 190,000 Total Current Liabilities 136,000 82,000 Income Statement: $ 476,000 Net Credit Sales Cost of Goods Sold 312,000