how do you find the Quick (acid-test) ratio?

how do you find the Acccounts receivable turnover?

Balance Sheets (Summarized) Year End Year End 2016 2015 2016 2015 Current assets: Current liabilities: Cash 13,000 $ 9,000 Accounts payable 15.000 S 16,500 Marketable securities 26,000 15,000 103,000 Other current liabilities 105,000 Accounts receivable, net 54.000 68,000 Long-term liabilities 20,000 21,000 Inventory 191.000 187.000 Stockholders equity 154,000 Other current assets 8,000 8.000 154,500 10.000 Long-term assets $ 292.000 S 297,000 Total liabilities and equity 297,000 292,000 S Total assets Income Statement (partial): 2016 S 793 000 Sales revenue Requirements 1. Compute Navajo's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2016 Evaluate each rato value as strong or weak All sales are on account with terms of net 30 days Recommend two ways for Navajo to speed up its cash flow from receivables 2. Requirement 1. Compute Navajo's (a) quick (acid-test) ratio and (b) days sales outstanding for 2016. Evaluate each ratio value as strong or weak All sales are on account with terms of net 30 days (a) Enter the formula and calculate the quick (acid-test) ratio for 2016. (Abbreviation used Cash Cash and cash equivalents Round your final answer to two decimal places) Cash Short-term investments Net current receivables Total current iliablities Quick (acid-test) ratio 93.000 118.000 0.79 Navajo's quick (acid-test) ratio is considered fairly weak (b) Select the formula and calculate Navaio's days sales outstanding for 2016 (Round interim calculations to two decimal places, X0XXX Round the days' sales outstanding up to the nest wahole day ) 365 days Accounts receivable turnover Days sales outstanding 365