Lamsey Company reported the following selected items at July 31, 2024 (last years- 2023)-amounts also given as needed

at July 31, 2024 (last year's-2023amounts also given as needed) of 1 Data Table - X Accounts Payable Cash Merchandise Inventory July 31, 2024 July 31, 2023 Net Credit Sales Revenue Long-term Assets Long-term Liabilities $ 138,000 Accounts Receivable, net 101,000 July 31, 2024 July 31, 2023 111,000 Cost of Goods Sold 82,000 Short-term Investments 1.130,000 Other Current Assets 174,000 Other Current Liabilities 50,000 $ 172,000 54,000 520,000 12,440 57,000 85,000 Print Done ACC 102-05 Financial Accounting II - FA21 Question 33, TIF8-5 (simi... HW Score: 9 Points: 0 Part 1 of 3 Homework: Homework 2 - Receivables: Allowance... Lamsey Company reported the following selected items at July 31, 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 July 31, 2024 (-) Determine the formula, then compute the acid-test ratio (Abbreviations used Cash Cash including cash equivalents, ST invest - short-term investments Acid test ratio Data Table nts test est ] ] Accounts Payable Cash Merchandise Inventory July 31, 2024 July 31, 2023 Net Credit Sales Revenue Long-term Assets Long-term Liabilities $ 138,000 Accounts Receivable, net! 101,000 July 31, 2024 July 31, 2023 111,000 Cost of Goods Sold 82,000 Short-term Investments 1,130,000 Other Current Assets 174,000 Other Current Liabilities 50,000 $ 172,000 54.000 520,000 12.440 57,000 85,000 Print Done