Highland Products reported the following amounts in its 2022 financial statements. The 2021 amounts are given for comparison. (Click the icon to view the financial data.) Read the tequitements. Requirement 1. Compute Highland's quick (acid-test) ratio at the end of 2022. Round to two decimal place6. How does the quick ratio compare with the inciatry average of 0.927 Begin by selecting the formula, then enter the amounts and compute the quick (acid-test) ratio. (Abbreviation used: Cash" w Cash and cash equivalents. Round the quick (acid-test) ratio to two decimal places.) Requirements 1. Compute Highland's quick (acid-test) ratio at the end of 2022 . Round to two decimal places. How does the quick ratio compare with the industry average of 0.92 ? 2. Compare days' sales outstanding for 2022 with the company's credit terms of net 30 days. Data table Highland Products reported the following amounts in its 2022 financial statements. The 2021 amounts are given for comparison. (Click the icon to view the financial data.) Read the requitements. t squirement 1. Compute Highland's quick (acid-test) ratio at the end of 2022 . Round to two decimal places. How does the quick ratio compare with the industry werage of 0.92? Begin by selecting the formula, then enter the amounts and compute the quick (acid-test) ratio. (Abbroviation used: Cash" = Cash and cash equivalents. Round the quick (acid-test) ratio to two decimal places.)