Receivables

Long Company reported the following selecled items at February 28, 2024 (last year's -2023-amounts also given a5 noeded) (Click the icon to view the selected liems.) 14. Compute Lovett's (a) acid-test ratio, (b) accounts receivable tumover ratio, and (c) days' sales in recelvables as of February 28,2024 (a) Determine the formula, then compute the acid test ratio. (Abbeviations used Cath = Cash including cash equivalents ST hivest * short lem investments Einter the acdotes ratio to two decimals, XX.) = Acid test ratio. Data table