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Lamb Company roported the following selected items at July 31, 2024 (last year's - 2023 _amounts also given as needed) (Click the icon to view

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Lamb Company roported the following selected items at July 31, 2024 (last year's - 2023 _amounts also given as needed) (Click the icon to view the selecled items.) 14. Compule Lovett's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables as of July 31,2024 (a) Determine the formula, then compute the acid tost ratio. (Abbreviations used Cash = Cash including cash equivalents, ST irvest = short-term investments. Enter the acid-test ratio to two decimals, XX) Data table

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