Lamsey Company reported the following selected items at April 30, 2016 (last year's-2015-amounts also given as needed): (Click the icon to view the selected items.) 10. Compute Lovett's (a) acid-test ratio, (b) accounts receivable tumover ratio, and (c) days' sales in receivables for 2016, (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 i Data Table $ $ Accounts Payable Cash Merchandise Inventory: April 30, 2016 April 30, 2015 Net Credit Sales Revenue Long-term Assets 133,000 Accounts Receivable, net: 152,000 April 30, 2016 April 30, 2015 111,000 Cost of Goods Sold 85,000 Short-term Investments 1,100,000 Other Current Assets 170,000 Other Current Liabilities 53,000 127,000 49,000 520,000 42,630 48,000 80,000 Long-term Liabilities Print Done