Abanaki Corporation reported the following items at December 31, 2021, and 2020: III (Click the icon to view the comparative financial information.) \begin{tabular}{l|l|} Read the Requirements \\ Requirenaccounty(a)Enterplaces.) & \begin{tabular}{l} 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales \\ cutstanding for 2021. Evaluate each ratio value as strong or weak. All sales \\ are on account with terms of net 30 days. \\ \hline Cash* \end{tabular} \\ 2.RecommendtwowaysforAbanakitospeedupitscashfiowfromreceivables. \end{tabular} Abanaki Corporation reported the foliowing items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the Requirement 1. Compute the company's (a) quick (acld-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. (a) Enter the fomula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equlvalents. Round your final answer to two decimal Abanaki Corporation reported the following items at December 31, 2021, and 2020: III (Click the icon to view the comparative financial information.) \begin{tabular}{l|l|} Read the Requirements \\ Requirenaccounty(a)Enterplaces.) & \begin{tabular}{l} 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales \\ cutstanding for 2021. Evaluate each ratio value as strong or weak. All sales \\ are on account with terms of net 30 days. \\ \hline Cash* \end{tabular} \\ 2.RecommendtwowaysforAbanakitospeedupitscashfiowfromreceivables. \end{tabular} Abanaki Corporation reported the foliowing items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the Requirement 1. Compute the company's (a) quick (acld-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. (a) Enter the fomula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equlvalents. Round your final answer to two decimal