The financial statements of Victor€™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 profitpercentage

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Current Yea Preceding Year Balance Sheet Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold $ 20,000 27,000 73,000 69,000 9,000 198,000 93,000 15,000 11,000 54,000 15,000 172,000 133,000 462,000 315,000