Navajo Corporation reported the following items at December 31, 2018, and 2017: (Click the icon to view the comparative financial information.) Read the requirements Requirement 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. (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash Cash and cash equivalents. Round your final answer to two decimal places.) Quick (acid-test) ratio = Navajo's quick (acid-test) ratio is considered