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Data table Requirements 1. Compute these ratios for 2024 and 2023 . a. Acid-test ratio (Round to two decimals.) b. Accounts receivable turnover (Round to

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Data table 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? The comparative financial statements of Norfolk Cosmetic Supply for 2024,2023, and 2022 include the data shown here (Click the icon to viow the comparative financial data) Read the requirements: Requirement 1a. Computo the acid test ratio for 2024 and 2023. (Round to two decimals) (Abbreviations used Cash = Cash including cash acid test ratios to two decimals, XX ) Requirement 1b. Compute the accounts receivable turnover for 2024 and 2023 (Round to two decimals) (Abbreviations used AR turn =a cash equivalents; ST invest = short-term investments. Round the accounts receivable turnover ratios to two decimals, XXX) Requirement 1c. Compute the days' sales in receivables for 2024 and 2023. (Round to the nearest whole day) (Abbreviations used Cash investments. Round interim calculations to two decimals, XXX, and the days in receivables to the nearest whole day)

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