ements. The 2023 figures are given for comparison two alent Requirements id-test 1. Calculate Chippewa's acid-test ratio for 2024. (Round to two decimals.) Determine whether Chippewa's acid-test ratio improved or deteriorated from 2023 to 2024. How does Chippewa's acid-test ratio compare with the industry average of 0.80? 2. Calculate Chippewa's accounts receivable turnover ratio. (Round to two decimals.) How does Chippewa's ratio compare to the industry average accounts receivable turnover of 10? 3. Calculate the days' sales in receivables for 2024. (Round to the nearest day.) How do the results compare with Chippewa's credit terms of net 30? ecel clo. (R nvest. K.) Print Done the Sund to the nearest day.) How do the results compare with Chippewa's credit terms of net 307 (Abbreviations and the days in receivables to the nearest whole day.) Days' sales in AR the company's net 30-day credit period. d then continue to the next question Qorib Che Carpets reported the following out in its 2004 harcsalment. The 2023 fures are given for comparison che con to view the compete francial Information Hagement. Cal wat wio for 2004 Round to two decimal Determine whether Chippewa's ter improved or stand from 2023 2024. How does Cheap with the 0.807Abbreviation Ch Cach including hulle investor comments on the acidit to decimals, XXX) the acids ratio for both years. 2024 2023 The do from 2003 to 2024. The company's acid-test the industry average of 0.30 Requirement. Calculate Chippewe's accounts receivable moverrate (Round to two decimals How does Chow's to come to the industry average accounts receivable lumover of 107 Abd Alumcu obumover Cash Cash including cash equivalent ST mest short-term nvestments Round the vale tumover is to two deca XXX) AR tom 204 The company's accounts receivable turnover ratio the industry average of 10 Registrements Calendare the dayansica in receivables for 2004. (Round to the nearest day! How do the resta compare with Chipowas onde wa of net sorterelation et Cash Catheduling and we noutation vestments Round interim calculation to two deci XXX, and the days in receivable to the nearest whole day) - Daye's AR Chippewa dawa in calculations the company's net 30-day credit period Choose from all or enter any number in the input fields and then continue to the next question Read the requirements. Requirement 1. Calculate Chippewa's acid-test ratio for 2024. (Round average of 0.80? (Abbreviations used: Cash = Cash including cash equ Calculate the acid-test ratio for both years. 2024 2023 365 Accounts receivable The aci Accounts receivable turnover ratio company's aci Average net accounts receivable Requir > turnover ratio receiva Cash valents; ST in (Cash + Net current receivables) (Cash + ST invest.) 2024 (Cash + ST invest. + Net current receivables) Total current assets The coi Total current liabilities Net credit sales Requir ir 2024. (Round term investments. Round interim calculations to two decimals, X.XX, and 2024 Chippewa's days' sales in receivables calculation is th Choose from any list or enter any number in the input fields and then co Requirement 1. Calculate Chippewa's acid-test ratio for 2024. (ROL average of 0.80? (Abbreviations used: Cash = Cash including cash Calculate the acid-test ratio for both years. 2024 2023 + The acid-test ratio from 2023 to 2024. The company's Requirement 2. C receivable turnover deteriorated ccounts receivable turnover r icluding cash equivalents; ST improved + 2024 The company's accounts receivable turnover ratio is Requirement 3. Calculate the days' sales in receivables for 2024. (Rou term investments. Round interim calculations to two decimals, X.XX, and 2024 Chippewa's days' sales in receivables calculation is Secimals.) Determine whether Chippewa's acid-test ratio impro S; ST invest. = short-term investments. Round the acid test rati 11 Acid-test ratio t ratio is the industry average of 0.80. Cound to t .= short-t the same as nippewa's ratio compare to the e accounts receivable turnove better than AR turn a little worse than 11 e industry average of 10. to the nearest day.) How do the results compare with Chippewa's crec ne days in receivables to the nearest whole day.) = Days' sales in AR II the company's net 30-day credit period. ements. The 2023 figures are given for comparison two alent Requirements id-test 1. Calculate Chippewa's acid-test ratio for 2024. (Round to two decimals.) Determine whether Chippewa's acid-test ratio improved or deteriorated from 2023 to 2024. How does Chippewa's acid-test ratio compare with the industry average of 0.80? 2. Calculate Chippewa's accounts receivable turnover ratio. (Round to two decimals.) How does Chippewa's ratio compare to the industry average accounts receivable turnover of 10? 3. Calculate the days' sales in receivables for 2024. (Round to the nearest day.) How do the results compare with Chippewa's credit terms of net 30? ecel clo. (R nvest. K.) Print Done the Sund to the nearest day.) How do the results compare with Chippewa's credit terms of net 307 (Abbreviations and the days in receivables to the nearest whole day.) Days' sales in AR the company's net 30-day credit period. d then continue to the next question Qorib Che Carpets reported the following out in its 2004 harcsalment. The 2023 fures are given for comparison che con to view the compete francial Information Hagement. Cal wat wio for 2004 Round to two decimal Determine whether Chippewa's ter improved or stand from 2023 2024. How does Cheap with the 0.807Abbreviation Ch Cach including hulle investor comments on the acidit to decimals, XXX) the acids ratio for both years. 2024 2023 The do from 2003 to 2024. The company's acid-test the industry average of 0.30 Requirement. Calculate Chippewe's accounts receivable moverrate (Round to two decimals How does Chow's to come to the industry average accounts receivable lumover of 107 Abd Alumcu obumover Cash Cash including cash equivalent ST mest short-term nvestments Round the vale tumover is to two deca XXX) AR tom 204 The company's accounts receivable turnover ratio the industry average of 10 Registrements Calendare the dayansica in receivables for 2004. (Round to the nearest day! How do the resta compare with Chipowas onde wa of net sorterelation et Cash Catheduling and we noutation vestments Round interim calculation to two deci XXX, and the days in receivable to the nearest whole day) - Daye's AR Chippewa dawa in calculations the company's net 30-day credit period Choose from all or enter any number in the input fields and then continue to the next question Read the requirements. Requirement 1. Calculate Chippewa's acid-test ratio for 2024. (Round average of 0.80? (Abbreviations used: Cash = Cash including cash equ Calculate the acid-test ratio for both years. 2024 2023 365 Accounts receivable The aci Accounts receivable turnover ratio company's aci Average net accounts receivable Requir > turnover ratio receiva Cash valents; ST in (Cash + Net current receivables) (Cash + ST invest.) 2024 (Cash + ST invest. + Net current receivables) Total current assets The coi Total current liabilities Net credit sales Requir ir 2024. (Round term investments. Round interim calculations to two decimals, X.XX, and 2024 Chippewa's days' sales in receivables calculation is th Choose from any list or enter any number in the input fields and then co Requirement 1. Calculate Chippewa's acid-test ratio for 2024. (ROL average of 0.80? (Abbreviations used: Cash = Cash including cash Calculate the acid-test ratio for both years. 2024 2023 + The acid-test ratio from 2023 to 2024. The company's Requirement 2. C receivable turnover deteriorated ccounts receivable turnover r icluding cash equivalents; ST improved + 2024 The company's accounts receivable turnover ratio is Requirement 3. Calculate the days' sales in receivables for 2024. (Rou term investments. Round interim calculations to two decimals, X.XX, and 2024 Chippewa's days' sales in receivables calculation is Secimals.) Determine whether Chippewa's acid-test ratio impro S; ST invest. = short-term investments. Round the acid test rati 11 Acid-test ratio t ratio is the industry average of 0.80. Cound to t .= short-t the same as nippewa's ratio compare to the e accounts receivable turnove better than AR turn a little worse than 11 e industry average of 10. to the nearest day.) How do the results compare with Chippewa's crec ne days in receivables to the nearest whole day.) = Days' sales in AR II the company's net 30-day credit period