Moore Corporation reported the following items at December 31, 2018, and 2017 (Click the icon to view the comparative financial information) Read the rements Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) duya' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days (a) Enter the formula and calculate the pack (acid-est) ratio for 2018. (Abbreviation used Cash' = Cash and cash equivalent Round your final rower to two decimal places) Cash Short-term investments - Net current receivables Quick (acid-test) ratio Calculator Year End 2018 2017 Year End 2018 2017 Current assets: Cash $ S 18,000 $ 20.000 53.000 Current liabilities: 14.000 Accounts payable 9.000 Other current babilities 67.000 Long-term liabilities Marketable securities 19,000 $ 108.000 20.000 20,500 110.000 21 000 Accounts receivable nel Data Table 20.000 21.000 Accounts receivable.net Inventory Other current assets Long-term assets 53,000 190.000 3.000 67,000 Long-term liabilities 186.000 3.000 Stockholders equity 10,000 289.000 Total liabilities and equity 137,000 137.500 $ 284,000 $ S 284 000 $ 289,000 Total assets Omer current assets DU00 U. DOCKTTOILETS qur Long-term assets 10.000 Total assets $ 284.000 $ 289 000 Total liabilities and e Income Statement (partial): 2018 Sales revenue $ 900.000 Requirements 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. 2. Recommend two ways for Moore to speed up its cash flow from receivables Print Done