2018 2017 2016 Balance sheet-partial Current Assets: Cash $ Short-term Investments Accounts Receivable, Net Merchandise Inventory 85,000 $ 160,000 285,000 350,000 80,000 70,000 $ 180,000 255,000 350,000 15,000 65,000 105,000 240,000 290,000 50,000 Prepaid Expenses Total Current Assets Total Current Liabilities Income statement-partial Net Sales (all on account) 960,000 545,000 870,000 605,000 750,000 650,000 5,880,000 5,110,000 4,270,000 Requirement 1a. Compute the acid-test ratio for 2018 and 2017. (Round to two decimals.) (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the acid test ratios to two decimals, X.XX.) = Acid-test ratio 2018 2017 Requirement 1b. Compute the accounts receivable turnover for 2018 and 2017. (Round to two decimals.) (Abbreviations used: AR turn = accounts receivable turnover ratio; Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the accounts receivable turnover ratios to two decimals, X.XX.) = AR turn 2018 2017 Requirement 1c. Compute the days' sales in receivables for 2018 and 2017. (Round to the nearest whole day.) (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments. Round interim calculations to two decimals, X.XX, and the days in receivables to the nearest whole day.) = Days' sales in AR 2018 2017 Requirement 2. Considering each ratio individually, which ratios improved from 2017 to 2018 and which ratios deteriorated? Is the trend favorable or unfavorable for the company? The acid-test ratio V from 2017 to 2018. This trend the company The accounts receivable turnover from 2017 to 2018. This trend from 2017 to 2018. This trend the company. the company. The days' sales in receivables Choose from any list or enter any number in the input fields and then continue to the next