in | myBusinessCo x C SU II Financial (ACCT-2301-83742) Homework: Chapter 05 Homework stion list Question 1 Question 2 Question 3 Question 4 Intuit Accounts - Sign X o Mail - Hernandez, De x CeConnect Main Menu X mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId=653179449&questionid=1&flushed-false&cid=7464353&back-DoAssignment: Question 5 Question 6 Question 7 Question 8 Help me solve this esc rol 7 alt Q A option K N 2 Abanaki Corporation reported the following items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the requirements. Etext pages $ W S Get more help. #3 X H command F3 E Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on account with terms of days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash" = Cash and cash equivalents. Round your final answer to two decimal places.) Cash + Short-term investments + Net current receivables Total current liabilities 124,000 92,000 D $ 4 888 Abanaki's quick (acid-test) ratio is considered fairly weak. (b) Select the formula and calculate Abanaki's days' sales outstanding for 2021. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) C R + + LL F % 5 Question 8, E5-25A (similar to) Part 3 of 5 What