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Lamsey Company reported the following selected items at February 28, 2024 (last year's-2023-amounts also given as needed) (Click the icon to view the selected
Lamsey Company reported the following selected items at February 28, 2024 (last year's-2023-amounts also given as needed) (Click the icon to view the selected items.) 14. Compute Lovett's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables as of February 28, 2024 (a) Determine the formula, then compute the acid-test ratio (Abbreviations used Cash Cash including cash equivalents; ST invest short-term investments. Enter Acid-test ratio
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