#3.
Northend Cosmetic Supply for 2024 2023, and 2022 include the data shown here: tive financial data.) st ratio for 2024 and 2023 (Round to two decimals YAbbreviations used: Cash = Cash incl Requirements 1. Compute these ratios for 2024 and 2023 a. Acid-test ratio (Round to two decimals.) b. Accounts receivable turnover (Round to two decimals.) c. Days' sales in receivables (Round to the nearest whole day) 2. Considering each ratio individually, which ratios improved from 2023 to 2024 and which ratios deteriorated? Is the trend favorable or unfavorable for the company? L D ys m Print Done the Days Sues MAR my number in the input fields and then continue to the next question. of Northend Cosmetic Supply for 2024 2023, and 2022 include the data shown here: . Data Table Liding 2024 2023 2022 $ 95,000 $ 150,000 275,000 80.000 $ 175,000 260.000 325,000 45,000 Balance sheet-partial Current Assets Cash acco Short-term Investments uding Accounts Receivable, Net Merchandise Inventory Prepaid Expenses Total Current Assets the days Total Current Liabilities ort-term Income statement-partial Net Sales (all on account) 60,000 110,000 255,000 320,000 55,000 turn = er ratios 340.000 45,000 905,000 570,000 885.000 620,000 800.000 660,000 Id: Cash the nearest 5,820,000 5,190,000 4.220.000 AR Print Done enter any number in the input fields and then continue to the next question LG di comparative financial statements of Northend Cosmetic Supply for 2024 2023 and 2022 Houde the US Click the icon to view the comparative financial data) ad the Requirement 1. Compute the acid test ratio for 2024 and 2023 (Round to two decimals.) Abbreviations used: Cash Cash including cash equivalents, ST invest = short-term investments Round the add test ratios to tovo decimals XXX) Acid-test ratio 2024 2023 Requin lb. Compute the accounts receivable bomover for 2024 and 2023 (Round to two decimals) (Abbreviations used AR tum accounts receivable turnoverati Cash Cash including cash equivalents, ST invest short-term investments. Round the accounts receivable tumover ratios to two decimals, XXX) AR tum 2024 2023 Requirement Compute the days es in echivables for 2024 and 2023 (Round to the nearest whole day) (Abbreviations wood Cash Cash including cash equivales ST short Round interim calculations to two decimals, XXX and the days in recevable to the nearest whole day) Days Satin AR 2024 Choose from any store her any number in the input fields and then continue to the next question AR O LG 112 110 arative financial statements of Northend Cosmetic Suppy of 2024 2025 2022 the loon to view the comparative financial data) GER ratio Cash Cash including cash equivalentsST invest short-term investments. Round the accounts receivable turnover ratios to two decimals, XXX) AR turn - 3 quirement 1. Compute the days' sales in receivables for 2024 and 2023 (Round to the nearest Whole day) (Abbreviations used Cash Cash including cash valents, ST vest short term investments Round interim calculations to two decimals XXX, and the days in receivables to the nearest whole day) = Days' sales in AR 2024 2023 Requirement 2. Considering each individually, which ratios Improved from 2023 to 2024 and which ratios deteriorated? is the trend favorable or unfavorable for the company The widest from 2023 to 2024. This trend the company The account ceva burrave from 2023 to 2024 This trend the company The day sales in receivables from 2023 2024 This trend the company Choose from any to enter any number in the input to men come to the next question si LG FO Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture
