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Lantana Clothiers reported the following selected thems at April 30, 2024 (last year's - 2023amounts also given as needed): (Clck the lece to view the

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Lantana Clothiers reported the following selected thems at April 30, 2024 (last year's - 2023amounts also given as needed): (Clck the lece to view the financial data.) Compute Lantana's (a) acid test ratio, (b) accounts receivable turncver rato, and (c) days' sales in receivables for the year ending April 30 , 2024. Evaliate each rato value as strong or weak Lantana sells on terms of net 30 . (Round doys' sales in receivbles to at whole number.) (ignore leap-years, uting a 365 -day where needed.) Receivable: Rex, = Revenue.) =Aeg-testratio= Lantana's position is (b) Computs Lantanals accounts tecelvable tumover ratio. (Round yeur fina answer to twe decinal places) =hooountarecevablefumoverratio= Evelume Lantann's acoounts receivable tumover natio at tworg or weak. Lartanas actounts recevable twenover ratio it relative to crodit terms of net 30 aiate daye' sales in receivables. flgnoce leaps yeart and use a 365 -day yeac. Round interim colculatons to two decimal places. XX. Round your Bcal answer to the nearest whole num aluate Lartahn't deyy' sales an average recoivebles as strong or weok. te dey's sales in arerage recolvaties are Felabive to oredt terms of ned 30 Data table

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