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 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash Cash and cash equivalents. Round your final answer to two decimal places.) $ Cash Short-term investments + Net current receivables 95,000 Total current liabilities 118,000 Quick (acid-test) ratio 0.01 Seminole's quick (acid-test) ratio is considered fairly weak. (b) Select the formula and calculate Seminole's days' sales outstanding for 2021. (Round interim calculations to two decimal places, XXXXX Round the days' sales outstanding up to the next whe day) Days' sales outstanding 2020 Balance Sheets (Summarized) Year End 2021 Year End 2021 2020 Clear all Check answer Current liabilities: