E5-23A (similar to) Question Help Seminole Corporation reported the following items at December 31, 2018, and 2017: (Click the icon to view the comparative financial information.) Read the requirements, Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) ibr Quick (acid-test) ratio urc / ly Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts romaining Clear All Check Answer . i Requirements 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. 2. Recommend two ways for Seminole to speed up its cash flow from receivables. Print Done E5-23A (similar to) Question Help Seminole Corporation reported the following items at December 31, 2018, and 2017: (Click the icon to view the comparative financial information.) Read the requirements, Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) ibr Quick (acid-test) ratio urc / ly Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts romaining Clear All Check Answer . i Requirements 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. 2. Recommend two ways for Seminole to speed up its cash flow from receivables. Print Done