Financial Accounting 19422 PM May 16 to 202022 Question (15%) Vista Inc. had the following balances in selected accounts at the end of 2019 and 2020. 2019 2020 Cash $58,000 $45,000 45,000 39,000 Acts receivable 54,000 61,000 Allowance for uncollectible accts 3,500 5,000 Inventory 78,000 98,000 Accounts payable 91,000 102,000 17,000 25,000 Income taxes payables 4500 6,300 Note payable du 2019) 100,000 100,000 Sales 415,000 $25,000 225,000 304,000 Pone Cost of goods sold The accounts receivable at the end of 2018 were $50,000 and the allowance for uncollectible accounts was $2,500, Required Calculate the acid test ratio for 2019 and 2020 for Vista Inc. (%) Calculate the days sales in receivables for 2019 and 2020 for Vista Inc. (6%) Determine whether the acid-sest ratio improved or deferiented from 2019. (2%) Determine whether the collection period increased or decreased from 2019 to 2020, (2%) 31 Page