reported the folliowing items on December 31, 2016 (last year's amounts also given as needed) EEB (Click the icon to view the financial 1. Compute Algonquin Equipment's (a) quick ratio (b) current ratio, and (c) accounts receivable turnover for 2016 2. Evaluate each ratio value as strong or weak. Assume Algonquin Equipment sells on terms of net 30 Requirement 1a. Compute Algonquin Equipment's quick ratio for 2016. Select the formula, then enter the amounts to calculate the ratio. (Round your final answer to two decimal places, X.XX. Abbreviation used: ST invest short-term investment s Quick ratio