Laba Company reported the following selected items at June 30, 2018 (last year's-2017_amounts also given as needed): (Click the icon to view the selected items.) 14. Compute Lovett's (a) acid-test ratio. (b) accounts receivable tumover ratio, and (c) days sales in receivables as of June 30, 2018. (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 + x Data Table Accounts Payable S 140.000 Accounts Receivable, net 103,000 June 30, 2018 S 190.000 Cash 56.000 June 30, 2017 Merchandise Inventory: June 30, 2018 570,000 Cost of Goods Sold 117.000 27.070 81.000 June 30, 2017 Short-term Investments 54,000 2.480.000 Net Credit Sales Revenue Other Current Assets 87.000 Long-term Assets Long-term Liabilities 172.000 Other Current Liabilities 52.000