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The financial statements d/National News Inc, include the following items: Galance Sheet Cash Short-term investments...

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The financial statements d/National News Inc, include the following items: Galance Sheet Cash Short-term investments 10 MARKS Net receivables 64,000 73.000 Inventory 77,000 71,000 Prepaid expenses Total current assets $185.000 $200,000 Total current abilities \begin{tabular}{|l|l} $111.000 & $91,000 \\ \hline \end{tabular} Income Statement: Net credit sales $654,000 Cost of goods sold 327,000 Compute the following ratios for the current year: Current rabio Quick (acid-lest) ratio inventory urnover Accourts receivadie turnover Days' sales in receivatie

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