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Silver Clothiers reported the following selected items at April 30, 2018 (last years-2017-amounts also given as needed): Accounts Receivable, net: Accounts Payable Cash Merchandise Inventory:

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Silver Clothiers reported the following selected items at April 30, 2018 (last years-2017-amounts also given as needed): Accounts Receivable, net: Accounts Payable Cash Merchandise Inventory: 328,000 573,720 April 30, 2018 11,000 April 30, 2017 165,000 April 30, 2018 250,000 Cost of Goods Sold 1,200,000 April 30, 2017 Net Credit Sales Revenue Long-term Assets Long-term Liabilities 148,000 100,000 188,000 210,000 Short-term Investments 3,212,000 Other Current Assets 350,000 Other Current Liabilities 130,000 Compute Silver's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (e) days'sales in receivables for the year ending April 30, 2018. Evaluate each ratio value as strong or weak. Silver sells on terms of net 30. (Round days'sales in receivables to a whole number.)

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