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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.)
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? Requirement 1a. Compute the acid-test ratio for 2024 and 2023. (Round to two decimals.) (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = shortterm investments. Round the acid test ratios to two decimals, X.XX.) Data table
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