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Lakota Carpets reported the following amounts in its 2 0 2 5 financial statements. The 2 0 2 4 figures are given for comparison. View

Lakota Carpets reported the following amounts in its 2025 financial statements. The 2024 figures are given for comparison. View the comparative financtal information.
Read the requirements. including cash equivalents; ST invest = short-term investments. Round the acid test ratio to two decimals, xxx)
Calculate the acid-test ratio for both years.
Comparative Financial Information
Calculate Lakota Carpets' acid-test ratio for 2025,(Round to two decimals.) Determine whether Lakota Carpets' acid-test ratio improved or deteriorated from 2024 to 2025. How does Lakota Carpets' acid-test ratio compare with the industry average of 0.80?
Calculate Lakota Carpets' accounts receivable turnover ratio for 2025.(Round to two decimals.) How does Lakota Carpets' ratio compare to the industry average accounts receivable turnover of 10?
Calculate the days' sales in receivables for 2025.(Round to the nearest day) How do the results compare with Lakota Carpets' credit terms of net 30?
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