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 requirements. Requirement 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? Begin by selecting the formula, then enter the amounts and compute the quick (acid-test) ratio. (Abbreviation used: Cash Cash and cash equivalents. Round the quick (acid-test) ratio to two decimal places.) How does the quick (acid-test) ratio compare to the industry average of 0.92? Highland's position is compared to the industry average of 0.92. Quick (acid-test) ratio = Requirement 2. Compare days' sales outstanding for 2022 with the company's credit terms of net 30 days. Begin by selecting the formula, then enter the amounts to calculate the days' sales outstanding. (Round interim calculations to two decimal places, XX.XX and the days' sales outstanding (DSO) up to the next whole day.) + Highland's days' sales outstanding is the credit terms of net 30. = = Days' sales outstanding days