Lantana Clothiers reported the following selected items at April 30, 2024 (last year's-2023-amounts also given as needed): (Click the icon to view the financial data.) Compute Lantana's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables for the year ending April 30, 2024. Evaluate each ratio value as strong or weak. Lantana sells on terms of net 30. (Round days' sales in receivables to a whole number.) (Ignore leap-years, using a 365-day where needed.) (a) Compute Lantana's acid-test ratio. (Round your final answer to two decimal places. Abbreviation used: Avg. = Average; Invest. = Investment; Liab. = Liabilities; Merch. = Merchandise, Receiv. = Receivable; Rev. = Revenue.) Acid-test ratio + Data Table Accounts Payable 323,000 Cash 267,220 Accounts Receivable, net: April 30, 2024 April 30, 2023 $ 283,000 142,000 Merchandise Inventory April 30, 2024 April 30, 2023 260,000 Cost of Goods Sold 1,250,000 190,000 143,000 Short-term Investments Other Current Assets Net Credit Sales Revenue 3,102,500 70,000 370,000 Other Current Liabilities 183,000 Long-term Assets Long-term Liabilities 120,000 Print Done Done