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S8-13 (similar to) Question Help Northrend Clothiers reported the following selected items at May 31, 2018 (last year's2017amounts also given as needed): Click the icon to view the financial data.) Compute Northrend's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables for the year ending May 31, 2018. Evaluate each ratio value as strong or weak. Northrend sells on terms of net 30. (Round days' sales in receivables to a whole number.) (a) Compute Northrend's acid-test ratio. (Round your final answer to two decimal places. Abbreviation used: Avg. = Average; Invest. = Investment; Liab. = Liabilities; Merch. = Merchandise; Receiv. = Receivable; Rev. = Revenue.) = Acid-test ratio + + + + . Data Table 321,000 236,700 Accounts Payable Cash Merchandise Inventory: May 31, 2018 May 31, 2017 Net Credit Sales Revenue Long-term Assets Long-term Liabilities 270,000 210,000 3,285,000 380,000 80,000 Accounts Receivable, net: May 31, 2018 May 31, 2017 Cost of Goods Sold Short-term Investments Other Current Assets Other Current Liabilities 300,000 150,000 1,150,000 141,000 90,000 181,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 5 parts Clear All Check Answer remaining