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Lantana Clothiers reported the following selected items at August 3 1 , 2 0 1 6 ( last year's - 2 0 1 5 -
Lantana Clothiers reported the following selected items at August last year'samounts also given as needed: Compute Lantana's a acidtest ratio, b accounts receivable turnover ratio, and c days' sales in receivables for Evaluate each ratio value as strong or weak. Lantana sells on terms of net Round days' sales in receivables to a whole number.
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