Abanaki Carpets reported the following amounts in its 2025 financial statements. The 2024 figures are given for comparison. View the comparative financial information. Read the requirements. Requirement 1. Calculate Abanaki Carpets' acid-test ratio for 2025. (Round to two decimals.) Determine whether Abanaki Carpets' acid-test ratio improved or deteriorated from 2024 to 2025. How does Abanaki Carpets' acid-test ratio compare with the industry average of 0.80 ? (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the acid test ratio to two decimals, X.XX.) Calculate the acid-test ratio for both years. The acid-test ratio from 2024 to 2025. The company's acid-test ratio is Requirement 2. Calculate Abanaki Carpets' accounts receivable turnover ratio for 2025. (Round to two decimals.) How does Abanaki Carpets' ratio compare to the industry average accounts receivable turnover of 10 ? (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.) Comparative Financial Information aki Carpets' acid-test ratio i Abbreviations used: Cash id-test ratio verage of 0.80 does Abanaki Carpets' ratio Cash = Cash including cash 1. Calculate Abanaki Carpets' acid-test ratio for 2025. (Round to two decimals.) Determine whether Abanaki Carpets' acid-test ratio improved or deteriorated from 2024 to 2025. How does Abanaki Carpets' acid-test ratio compare with the industry average of 0.80 ? 2. Calculate Abanaki Carpets' accounts receivable turnover ratio for 2025. (Round to two decimals.) How does Abanaki Carpets' ratio compare to the industry average accounts receivable turnover of 10 ? 3. Calculate the days' sales in receivables for 2025. (Round to the nearest day.) How do the results compare with Abanaki Carpets' credit terms of net 30 ? Requirement 1. Calculate Abanaki Carpets' acid-test ratio for 2025. (Round to two decimals.) Determine whether Abanaki Carpets' acid-test ratio improved or deteriorated from 2024 to 2025. How does Abanaki Carpets' acid-test ratio compare with the industry average of 0.80 ? (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the acid test ratio to two decimals, X.XX.) Calculate the acid-test ratio for both years. \begin{tabular}{l|l} 2025 \\ The acid-test ratio & from 2024 to 2025. The company's acid-test ratio is \end{tabular} Requirement 2. Calculate Abanaki Carpets' accounts receivable turnover ratio for 2025. (Round to two decimals.) How does Abanaki Carpets' ratio compare to the industry average accounts receivable turnover of 10 ? (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.) Requirement 2. Calculate Abanaki Carpets' accounts recelvable turnover ratlo for 2025. (Round to two decimals.) How does Abanaki Carpets' ratio compare to the industry average accounts receivable tumover of 10 ? (Abbreviations used: AR turn = accounts receivable turnover ratio; Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the accounts recelvable turnover ratios to two decimals, X.XX.) 2025\begin{tabular}{ccc} + & = AR turn \end{tabular} The company's accounts receivable tumover ratio is the industry average of 10 . Requirement 3. Calculate the days' sales in receivables for 2025. (Round to the nearest day.) How do the results compare with Abanaki Carpets' credit terms of net 30 ? (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.) \begin{tabular}{|c|c|c|} \hline & + & = Days' sales in AR \\ \hline 2025 & & = \\ \hline \end{tabular} Abanaki Carpets' days' sales in receivables calculation is the company's net 30-day credit period