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 More Info 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 Print Done Choose from any list or enter any number in the input fields a Financial Statements 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 $ Current Year Preceding Year 15,000 $ 11,000 56,000 64,000 13,000 159,000 132,000 465,000 317,000 29,000 27,000 94,000 82,000 7,000 239,000 89,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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
More Info
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
Print Done
Choose from any list or enter any number in the input fields a
Financial Statements
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
$
Current Year Preceding Year
15,000 $
11,000
56,000
64,000
13,000
159,000
132,000
465,000
317,000
29,000
27,000
94,000
82,000
7,000
239,000
89,000
Transcribed Image Text: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 More Info 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 Print Done Choose from any list or enter any number in the input fields a Financial Statements 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 $ Current Year Preceding Year 15,000 $ 11,000 56,000 64,000 13,000 159,000 132,000 465,000 317,000 29,000 27,000 94,000 82,000 7,000 239,000 89,000
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