Question 9, E5-23A (simil... Part 1 of 5 3 Homework: Chapter 5 Graded Homework HW Score: 36.93%, 9.23 of 25 points O Points: 0 of 3 Chicce Corporation reported the following terms at December 31, 2018, and 2017 im the icon to view the comparative financial information) Read the requirements Requirement 1. Compute the company's (e) quick (acid test) ratio and (b) days' sales outstanding for 2018. Evaluate each ratio value as strong or weak. Al sales are on account with terms of net 30 days (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviation und Cash Cash and cash equivalent. Round your finalauswer to hwo decimal places) Quick (acid-test) ratio Help Me Solve This DemoDoos Example Get More Help Clear All M etv A 80 Do Homework - Chapter bra Orkid=607987940&questionid=1&flushed=false&cd=6667281¢erwin=yes Question 9, E5-23A (simil... Part 1 of 5 > HW Score: 36.93%, 9.23 O Points: 0 of 3 mework ber 31, 2018, and 2017: on.) 1) ratio and DE AL scount wit for 2018 - X s.) Requirements 12 1. Compute the company's (a) quick (acid-test) ra.D 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 Chippewa to speed up its cash flow from receivables. Print Done ple Get More Help otvX W Tab R Bookmarks Profiles Window Help Do Homework - Chapter 5 Graded Homework x?homeworkid=607987940&questionld18flushed=false&cid=6667281¢erwinayes Question 9, E5-23A (simil... HW Score: 36,93% 9.23 of 25 points I U - Data Table Balance Sheets (Summarized) Year End 2018 2017 5 Year End 2018 2017 Current liabilities: 5 12,000 $ 8,000 Accounts payable 24,000 13,000 Other current abilities 58.000 72,000 Long-term liabilities 193,000 189,000 6,000 6,000 Stockholders' equity 10,000 $299,000 $ 298,000 Total liabilities and equity 19,000 5 106,000 20.000 Current assets: Cash Marketable securities Accounts receivable, net Inventory Other current assets Long-term assets Total assets 20,500 108,000 21,000 148,000 148,500 $ 293,000 $ 298,000 Income Statement (partial: Sales revenus 2018 $ 345,000 Print Done Example GOT More Hop dtv A w