Ling Company reported the following selected tems at February 28,2018 (last yea's -2017emounts also given as neededy EE (Click the loon to view the selected tems) (a) Determine the formula, then compute the aoid-dest ratie(Abbreviations used Cash Cash including cash equivalents ST Invest short-lerm Invesmenls. Ember the acid lest rato to hee decirals xoox Cash ST invest.+ Net current seceivables) Acid test ratio b) Debermine the formula, then compute the accounts receivaible turmover ratio (Abbreviations used Cash Cash including cash equivalents ST investshor-em investments; AR Accounts Receivable. Round the accounts receivable to two decimal (c) Dotermine the formula, then compute days sales in ecen ables for 2018 (Abbreviations used CashCash relude g cash endvie decimal places, XOx, and the days saies in recelvables to the t whole day) 8T nest shostem meshertK AR " Acoarts Recevabio Round interm calculations to two Accounts recervabie umoeroDays salies in AR Data Table 136,000Accounts Receivable, net: 106,000 Accounts Payable Cash Merchandise Inventory: February 28, 2018 February 28, 2017 $ 154,000 52,000 520,000 26,890 57,000 83,000 February 28, 2018 119,000 Cost of Goods Sold February 28, 2017 Net Credit Sales Revenue Long-term Assets Long-term Liabilities 83,000 Short-term Investments 1,503,800Other Current Assets 171,000 57,000 Other Current Liabilities Print Done