Seminole Corporation reported the following items at December 31, 2018, and (Click the icon to view the comparative financial information.) Read the requirements. Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviati Cash* + Net current receivables + Inventory Cash* + Other current assets + Equipment Cash* + Short-term investments + Net current receivables Net current receivables + Short-term investments + Inventory ding for 2018. Seminole's days' sales outstanding relative to credit ter Requirement 2. Recommend two ways for Seminole to speed up its cash flow from Seminole could speed up cash flows from receivables by s at December 31, 2018, and 2017: cial information.) ick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate e cid-test) ratio for 2018. (Abbreviation used: Cash* = Cash and cash equi Quick (acid-test) n calculations to two decin is outstanding Accounts payable Accounts receivable Cash s days' sales outsta Inventories Long-term assets Long-term liabilities Net current receivables re Net sales revenue Other current liabilities Seminole to speed up Total current assets eceivables by Total current liabilities 0 days. te the company's (a) quick (acid-test) ratio and (b) days' sales outstanding d calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash* = 3-test) ratio is considered and calculate Seminole's fairly weak. ng for 2018. (Round interim calcu = Days' sales outs very strong. mes outstanding V relative to credit terms of net 30 days. commend two ways for Seminole to speed up its cash flow from receivables. eed up cash flows from receivables by my list or enter any number in the input fields and then continue to the next question. o qoon UCIEsu ratie Seminole's quick (acid-test) ratio is considered (b) Select the formula and calculate Seminole's days' sales out for Seminole to speed up om receivables by 365 days Accounts payable Accounts receivable turnover Average net accounts receivable Cash Cost of goods sold Inventories Long-term assets Long-term liabilities Net sales revenue Other current assets Other current liabilities Short-term investments Total current assets Total current liabilities nber in the input fields and then #t) ratio is considered calculate Seminole's days' sales outstanding for 2018. (Roun outstanding relative to credit terms of mend two w sh flow from receiva up cash flows is within acceptable range is too high list or enter any number in the input fields and then continue to the next qu atio is considered culate Seminole's days' sales outstanding for 2018. (Round interim cald Days' sales outs I terms of net 30 days. om receivables. 365 days standing Accounts payable end two ways fi Accounts receivable turnover Average net accounts receivable cash flows from Cash Cost of goods sold Inventories Long-term assets Long-term liabilities Net sales revenue Other current assets Other current liabilities Short-term investments cor enter any numt Total current assets Total current liabilities hue to the next question. utstanding for 2018. (Round interim calculations to two decimal places, X = Days' sales outstanding relative to credit terms of net 30 days. peed up its cash flow from receivables. converting some accounts receivable to long-term note receivables discontinuing the use of credit cards offering discounts for early payments input fields and then continue to the next question. Live Photo End ces, XX.XX. Round the days' sales outstanding up to the decreasing penalties for late payments increasing penalties for late payments providing better customer support Seminole Corporation reported the following items at December 31, 2018, and (Click the icon to view the comparative financial information.) Read the requirements. Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' (a) Enter the formula and calculate the quick (acid-test) ratio for 2018. (Abbreviati Cash* + Net current receivables + Inventory Cash* + Other current assets + Equipment Cash* + Short-term investments + Net current receivables Net current receivables + Short-term investments + Inventory ding for 2018. Seminole's days' sales outstanding relative to credit ter Requirement 2. Recommend two ways for Seminole to speed up its cash flow from Seminole could speed up cash flows from receivables by s at December 31, 2018, and 2017: cial information.) ick (acid-test) ratio and (b) days' sales outstanding for 2018. Evaluate e cid-test) ratio for 2018. (Abbreviation used: Cash* = Cash and cash equi Quick (acid-test) n calculations to two decin is outstanding Accounts payable Accounts receivable Cash s days' sales outsta Inventories Long-term assets Long-term liabilities Net current receivables re Net sales revenue Other current liabilities Seminole to speed up Total current assets eceivables by Total current liabilities 0 days. te the company's (a) quick (acid-test) ratio and (b) days' sales outstanding d calculate the quick (acid-test) ratio for 2018. (Abbreviation used: Cash* = 3-test) ratio is considered and calculate Seminole's fairly weak. ng for 2018. (Round interim calcu = Days' sales outs very strong. mes outstanding V relative to credit terms of net 30 days. commend two ways for Seminole to speed up its cash flow from receivables. eed up cash flows from receivables by my list or enter any number in the input fields and then continue to the next question. o qoon UCIEsu ratie Seminole's quick (acid-test) ratio is considered (b) Select the formula and calculate Seminole's days' sales out for Seminole to speed up om receivables by 365 days Accounts payable Accounts receivable turnover Average net accounts receivable Cash Cost of goods sold Inventories Long-term assets Long-term liabilities Net sales revenue Other current assets Other current liabilities Short-term investments Total current assets Total current liabilities nber in the input fields and then #t) ratio is considered calculate Seminole's days' sales outstanding for 2018. (Roun outstanding relative to credit terms of mend two w sh flow from receiva up cash flows is within acceptable range is too high list or enter any number in the input fields and then continue to the next qu atio is considered culate Seminole's days' sales outstanding for 2018. (Round interim cald Days' sales outs I terms of net 30 days. om receivables. 365 days standing Accounts payable end two ways fi Accounts receivable turnover Average net accounts receivable cash flows from Cash Cost of goods sold Inventories Long-term assets Long-term liabilities Net sales revenue Other current assets Other current liabilities Short-term investments cor enter any numt Total current assets Total current liabilities hue to the next question. utstanding for 2018. (Round interim calculations to two decimal places, X = Days' sales outstanding relative to credit terms of net 30 days. peed up its cash flow from receivables. converting some accounts receivable to long-term note receivables discontinuing the use of credit cards offering discounts for early payments input fields and then continue to the next question. Live Photo End ces, XX.XX. Round the days' sales outstanding up to the decreasing penalties for late payments increasing penalties for late payments providing better customer support