Seminole Corporation reported the following items at December 31, 2021, and 2020: | (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' sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equivalents. Round y final answer to two decimal places.) Cash* + Short-term investments + Net current receivables 103,000 + Total current liabilities 125,000 = Quick (acid-test) ratio 0.82