Louie Company reported the following selected items at May 31, 2024 (last year's2023_amounts also given as needed): (Click the icon to view the selected items.) 14. Compute Lovett's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables as of May 31, 2024. Acid-test ratio floor= (b) Determine the formula, then compute the accounts receivable turnover ratio. (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments; AR = Accounts Receivable. Round the accounts receivable turnover ratio to two decimal places, X.XX.) =ARturnoverratio= (c) Determine the formula, then compute days' sales in receivables for 2024. (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments; AR = Accounts Receivable. Ignore leaps years. Round interim calculations to two decimal places, X.XX, and the days' sales in receivables to the nearest whole day.) \begin{tabular}{|c|c|c|c|c|c|} \hline Accounts Payable & $ & 132,000 & Accounts Receivable, net: & & \\ \hline Cash & & 167,000 & May 31, 2024 & $ & 118,000 \\ \hline Merchandise Inventory: & & & May 31, 2023 & & 48,000 \\ \hline May 31, 2024 & & 115,000 & Cost of Goods Sold & & 560,000 \\ \hline May 31, 2023 & & 83,000 & Short-term Investments & & 63,150 \\ \hline Net Credit Sales Revenue & & 1,037,500 & Other Current Assets & & 57,000 \\ \hline Long-term Assets & & 168,000 & Other Current Liabilities & & 79,000 \\ \hline Long-term Liabilities & & 54,000 & & & \\ \hline \end{tabular}