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please help me solve this. The comparative finnndial statemonts of Lomax Cosmete Supply for 2024, 2023, and 2022 include the data shown here: ItB (Click
please help me solve this.
The comparative finnndial statemonts of Lomax Cosmete Supply for 2024, 2023, and 2022 include the data shown here: ItB (Click the icon to view the comparative financial data.) Rend the requirements. Requirement 1a. Computo the ocid test ratio for 2024 and 2023. (Round to two decimais) (Abbreviations used: Cash = Cash including cath egukaients. 5% invest = thorterm inves Round the scid tent rabios to two docimals, X.XOC.) Data table including cash equiv Requirements 1. Compute these ratios for 2024 and 2023 : a. Acid-test ratio (Round to two decimals.) b. Accounts receivable turnover (Round to two decimals.) c. Days' sales in receivables (Round to the nearest whole day.) 2. Considering each ratio individually, which ratios improved from 2023 to 2024 and which ratios deteriorated? is the trend favorable or unfavorable for the company Step by Step Solution
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