Lantana Clothiers reported the following selected items at November 30, 2016 (ast year-2015- (Click the icon to view the financial data) Compute Lantana's (a) acid-test ratio, (b) acdunts receivable tumover ratio, and (c) days sales in cevabes 2016 Ech sells on terms of net 30 (Round days sales in receivables to a whole number) (a) Compute Lantana's acid-test ratio (Round your final answer to two decimal places Abbrev Av-Arage Like Mer Merchandise Recely Racevatie: Rev Revenue) antor noter any number in the input nesas and then continue to the next question Accounts Payable Cash $ 327,000 Accounts Receivable, net: lue as 345,740 November 30, 2016 $ 232,000 Merchandise Inventory: November 30, 2015 116,000 Liab. November 30, 2016 250,000 Cost of Goods Sold 1,210,000 November 30, 2015 240,000 Short-term Investments 147,000 Print Done Wierchandise inventory. November 30, 2016 November 30, 2015 Tovember 30, 2013 250,000 Cost of Goods Sold 110,000 1,210,000 240,000 Short-term Investments 147,000 Net Credit Sales Revenue 3,175,500 Other Current Assets 80,000 Long-term Assets 400,000 Other Current Liabilities 187,000 Long-term Liabilities 110,000 Print Done Lantana Clothiers reported the following selected items at November 30, 2016 (last year's-2015-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 2016. Evaluate each ratio value as strong or weak Lantana sels on terms of net 30. (Round days' sales in receivables to a whole number.) (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)) 3/ Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Acid-best ratio