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Abanak Corporation reported the following items at December 31, 2021, and 2020: Data table Requirements 1. Compute the company's (a) quick (acid-test) ratio and (b)

Abanak Corporation reported the following items at December 31, 2021, and 2020:

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Data table Requirements 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. 2. Recommend two ways for Abanaki to speed up its cash flow from receivables

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