Lamsey Company reported the following selected items at July 31, 2018 (last year's2017amounts 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, 2018 (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 (b) Determine the formula, then compute the accounts receivable turnover ratio (Abbreviations used Cash Cash including cash equivalents ST invest short term investments AR Accounts Receivable Round the accounts receivable turnover ratio to two decimal places, X XX ) AR turnover ratio (c) Determine the formula, then compute days' sales in receivables for 2018 (Abbreviations used Cash Cash including cash equivalents ST invest short term investments AR Accounts Receivable Round interim calculations to two decimal places, X XX, and the days' sales in receivables to the nearest whole day ) sales in AR Lamsey Company reported the following selected items at July 31, 2018 (last year's2017amounts 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, 2018 (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 (b) Determine the formula, then compute the accounts receivable turnover ratio (Abbreviations used Cash Cash including cash equivalents ST invest short term investments AR Accounts Receivable Round the accounts receivable turnover ratio to two decimal places, X XX ) AR turnover ratio (c) Determine the formula, then compute days' sales in receivables for 2018 (Abbreviations used Cash Cash including cash equivalents ST invest short term investments AR Accounts Receivable Round interim calculations to two decimal places, X XX, and the days' sales in receivables to the nearest whole day ) sales in AR

Question

Lamsey Company reported the following selected items at July 31, 2018 (last year's2017amounts 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, 2018  (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 (b) Determine the formula, then compute the accounts receivable turnover ratio  (Abbreviations used  Cash   Cash including cash equivalents  ST invest    short term investments  AR   Accounts Receivable  Round the accounts receivable turnover ratio to two decimal places, X XX )   AR turnover ratio (c) Determine the formula, then compute days' sales in receivables for 2018  (Abbreviations used  Cash   Cash including cash equivalents  ST invest    short term investments  AR   Accounts Receivable  Round interim calculations to two decimal places, X XX, and the days' sales in receivables to the nearest whole day ) sales in AR Lamsey Company reported the following selected items at July 31, 2018 (last year's2017amounts 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, 2018  (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 (b) Determine the formula, then compute the accounts receivable turnover ratio  (Abbreviations used  Cash   Cash including cash equivalents  ST invest    short term investments  AR   Accounts Receivable  Round the accounts receivable turnover ratio to two decimal places, X XX )   AR turnover ratio (c) Determine the formula, then compute days' sales in receivables for 2018  (Abbreviations used  Cash   Cash including cash equivalents  ST invest    short term investments  AR   Accounts Receivable  Round interim calculations to two decimal places, X XX, and the days' sales in receivables to the nearest whole day ) sales in AR

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Lamsey Company reported the following selected items at July 31, 2018 (last year's2017amounts also given as needed): (Click the icon to view the selected items.)

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