Winterwear Clothiers reported the following selected items at April 30, 2025 (last year’s—2024—amounts also given as needed):

Compute Winterwear Clothiers’ (a)  acid-test ratio, (b)  accounts receivable turnover ratio, and (c) days’ sales in receivables for the year ending April 30, 2025. Evaluate each ratio value as strong or weak. Winterwear Clothiers sells on terms of net 30. (Round days’ sales in receivables to a whole number.)

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Accounts Payable Cash Merchandise Inventory: April 30, 2025 April 30, 2024 $ 320,000 Accounts Receivable, net: 260,000 April 30, 2025 April 30, 2024 290,000 Cost of Goods Sold $ 270,000 170,000 1,150,000 200,000 Short-term Investments 140,000 Net Credit Sales Revenue 2,920,000 Other Current Assets 120,000 Long-term Assets Long-term Liabilities 420,000 Other Current Liabilities 180,000 130,000