1 of 4 (0 complete) Data Table Balance Sheets (Summarized) Year End 2018 2017 Year End 2018 2017 $ Current liabilities: Accounts payable Other current liabilities Long-term liabilities 16,000 $ 26,000 56,000 191,000 6,00 15,000 $ 108,000 20,000 Current assets: Cash Marketable securities Accounts receivable, net Inventory Other current assets Long-term assets Total assets 16,500 110,000 21,000 12,000 15,000 70,000 187,000 6,000 10,000 300,000 Stockholders' equity 152,000 152,500 $ 295,000 $ Total liabilities and equity $ 295,000 $ 300,000 Income Statement (partial): Sales revenue 2018 $ 819,000 Print Done Pewnie Corporation reported the following items at December 31, 2018, and 2017 M (Click the icon to view the comparative francial information) Read the requirements des Requirement 1. Compute the company's (a) quick (ci-test)ration () days' sales outstanding for 2018. Evaluachratio vale a strong or week. Alles on count with terms of net (*) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation used Cash Cash and cash equivalents. Round your final answer to two decimal places) Pewne's quick acid test) ratio is considered (b) Select the formula and calculate Powe's day sales outstanding for 2018. (Round interim clou wo decimal places, XX.XX. Round the day sales outstanding up to the next whole day) Days sales outs Pewne's days' sales outstanding relative to credits of net 30 days Requirement 2. Recommend two ways for Pawnee to speed up its cash flow from receivables Pawnee could speed up cash flows from receivables by Choose from any list or enter any number in the input fields and then continue to the next question ET FOR CHAPTER 5 pts 1 of 4 (3 comp. reported the following items at December 31, 2018, and 2017: view the comparative financial information.) ats. mpute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio and calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash* = Cash and cash equivalents. investments + Net current receivables 7 Net current receivables - Quick (acid-test) ratio d-test) ratio is considered a and calculate Pawnee's. ng for 2018. (Round interim calculations to two decimal place fairly weak. very strong Days' sales outstanding s outstanding relative to credit terms of net 30 days. commend two ways for Pawnee to speed up its cash flow from receivables. d up cash flows from receivables by st or enter any number in the input fields and then continue to the next question. Corporation reported the following items at December 31, 2018, and 2017: k the icon to view the comparative financial information.) requirements. ment 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Eva ho formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash Cash and cas Short-term investments + Net current receivables Net current receivables = Quick (ac quick (acid-test) ratio is considered ne formula and calculate Pawnee's days' sales outstanding for 2018. (Round interim calculations to twe Days' sales outstanding ays' sales outstanding relative to credit terms of net 30 days. at 2. Recommend two is within acceptable range sh flow from receivables. d speed up cash flows is too high any list or enter any number in the input fields and then continue to the next question. December 31, 2018, and 2017: information.) (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. Al sales are test) ratio for 2018. (Abbreviation used: Cash Cash and cash equivalents. Round your final answer to two decim ceivables : Net current receivables - Quick (acid-test) ratio s' sales outstanding for 2018. (Round interim calculations to two decimal places, XX.XX. Round the days' sales out = Days' sales outstanding relative to credit terms of net 30 days. se to speed up its cash flow from receivables. bles by converting some accounts receivable to long-term not receivables discontinuing the use of credit cards offering discounts for early payments me input fields and then continue to the next question. R5 1 of 4 (3 complete) 31, 2018, and 2017: atio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms 2018. (Abbreviation used: Cash Cash and cash equivalents. Round your final answer to two decimal places.) Net current receivables = Quick (acid-test) ratio anding for 2018. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next = Days' sales outstanding blative to credit terms of net 30 days. its cash flow from receivables. decreasing penalties for late payments increasing penalties for late payments providing better customer support nd then continue to the next