Item Amount A/P Cash Inventory, 4/30/2017 Inventory, 4/30/2018 Net Credit Sales Revenue LT Assets LT Liabilities A/R 4/30/2017 A/R 4/30/2018 CGS Short-term Investments Other current Assets Other current Liabilities $328,000 573,720 210,000 250,000 3,212,000 350,000 130,000 165,000 11,000 1,200,000 148,000 100,000 188,000 7. Calculate the acid-test ratio. a. 1.42 b. 1.75 C. 2.20 d. 2.23 e. 1.35 8. Calculate the accounts receivable turnover ratio. a. 29.2 b. 18.35 c. 36.5 d. 19.47 e. 35.6 9. Calculate the days' sales in receivables for the year ending 4/30/2018. a. 12.5 days b. 19.89 c. 10.0 d. 18.75 e. 10.25