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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 financial statements. The figures are given for comparison. View the comparative financtal information.
Read the requirements. including cash equivalents; ST invest shortterm investments. Round the acid test ratio to two decimals,
Calculate the acidtest ratio for both years.
Comparative Financial Information
Calculate Lakota Carpets' acidtest ratio for Round to two decimals. Determine whether Lakota Carpets' acidtest ratio improved or deteriorated from to How does Lakota Carpets' acidtest ratio compare with the industry average of
Calculate Lakota Carpets' accounts receivable turnover ratio for Round to two decimals. How does Lakota Carpets' ratio compare to the industry average accounts receivable turnover of
Calculate the days' sales in receivables for Round to the nearest day How do the results compare with Lakota Carpets' credit terms of net
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