Eastem Products reported the following amounts in its 2022 financial statements. The 2021 arounts are given for comparison, (Click the icon to view the financial data) Read the requirements CDD Requirement 1. Compute Eastem's quick (ncid-test) ratio at the end of 2022. Round to wo decimal places. How does the quick rate compare with the industry average of 0.922 Begin by selecting the formula, then enter the amounts and compute the quick (acid-toat) ratio. (Abbreviation used Cash Cash and cash equivalent. Round the quick (acid-test) ratio to two decimal places.) Quick (acid-test ratio Cash + Net current receivables + Inventory Cash + Other current assets + Equipment Cash" + Short-term investments + Net current receivables Net current receivables + Short-term investments + Inventory Part 1 of 6 Points: 0 of 10 llowing amounts in its 2022 financial statements. The 2021 amounts are given for comparison. mancial data.) m's quick (acid-test) ratio at the end of 2022. Round to two decimal places. How does the quick ratio compare with the hen enter the amounts and compute the quick (acid-test) ratio. (Abbreviation used: Cash* = Cash and cash equivalent mal places.) Quick (acid-test) ratio Accounts payable Accounts receivable Cash Inventories Long-term assets Long-term liabilities Net current receivables alculator Clear all Ch NatalAR PATARII