% 58-13 (similar to) Question Help Southside Clothiers reported the following selected items at December 31, 2018 (last year's-2017amounts also given as needed): 2 (Click the icon to view the financial data.) Compute Southside's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables for the year ending December 31, 2018. Evaluate each ratio value as strong or weak. Southside sells on terms of net 30. (Round days' sales in receivables to a whole number.) (a) Compute Southside's acid-test ratio. (Round your final answer to two decimal places. Abbreviation used: Avg. = Average; Invest. = Investment; Liab. = Liabilities; Merch. = Merchandise; Receiv. = Receivable; Rev. = Revenue.) (C +D C + D = Acid-test ratio * Data Table $ $ Accounts Payable Cash Merchandise Inventory: December 31, 2018 December 31, 2017 Net Credit Sales Revenue Long-term Assets Long-term Liabilities 326,000 Accounts Receivable, net: 301,800 December 31, 2018 December 31, 2017 230,000 Cost of Goods Sold 210,000 Short-term Investments 3,139,000 Other Current Assets 390,000 Other Current Liabilities 90,000 269,000 161,000 1,190,000 146,000 70,000 186,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check