Homework: Chapter 8 Assignmneti Save HW Score: 38.99 % , 2.22 of 6 pts Score: 0 of 1 pt 5 of 6 complete) T18-5 (similar to) EQuestion Help Laba Company reported the following selected items at March 31, 2018 (last year's-2017-amounts also given as needed): (Click the icon to view the selacled iterns.) of March 31, 2016. 14. Compute Lovetl's (a) acid-lest ratio, (b) accounts receivable turnover ralio, and (c) days' sales in roceivabkes (a) Determine the formula, then compute the acid test ratio. (Abbreviations used: Cash Cash including cash equivalents; ST invest short term investments. Enter the acid test ratio to two decimals, X.XX.) =Acid-test ratio Accounts recuivable Cash 180 100000 Data Table 1.08 Accounts Payable 130,000 Accounts Receivable, net S 100.000 Cash 108.000 Merch 31, 2018 Merchandise Invenlory. Match 31, 2017 46.000 Cost ot Goods Sold March 31, 2018. 111.000 510,000 Short-lerm Investments March 31, 2017 08,000 71 450 52 000 Net Credit Sales Revenue 1,065,800 Other Current Assets 77 000 Long-term Assets 170.000 Other Current Liabilities 51 Long-term Liablities Print Done t or enter any number in the input fields and then click Check Answer Choose from any parts remaining Clear All Check Answe e 12:11 AM 6/30/2019