mathxl.com/Student/Player Homework aspx?homeworkld-560624394&questionid=1&flushed=true&cid=58769158.centerwinyes ACG 2021 - FINANCIAL ACCOUNTING Kasey Priede & 1 05 Homework: HW #13_v2 (Financial Reports and Analysis) core: 0 of 1 pt 3 of 13 (0 complete) 19-5 (similar to) HW Score Ling Company reported the following selected items at July 31, 2018 (last year's-2017--amounts also given as needed): Click the icon to view the selected items) 14. Compute Lovett's (a) acid-test ratio, (b) accounts receivable tumover ratio, and (c) days' sales in receivables as of July 31, 2018 a) Determine the formula, then compute the acid-test ratio (Abbreviations used: Cash Cash including cash equivalents:ST invest - short-term investments. Enter the acid-test ratio to two decimals - Acid-test ratio Data Table er the $ 130,000 108,000 $ Accounts Payable Cash Merchandise Inventory: July 31, 2018 July 31, 2017 Net Credit Sales Revenue Long-term Assets Long-term Liabilities 117,000 82,000 1,065,800 172,000 59,000 Accounts Receivable, net: July 31, 2018 July 31, 2017 Cost of Goods Sold Short-term Investments Other Current Assets Other Current Liabilities 100,000 46,000 540,000 71,450 50,000 77,000 Print Done