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Southside Clothiers reported the following selected items at December 31, 2018 (last year's2017amounts also given as needed): (Click the icon to view the financial data.)
Southside Clothiers reported the following selected items at December 31, 2018 (last year's2017amounts also given as needed): (Click the icon to view the financial data.) Compute Southside's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables for the year ending December 31, 2018. Evaluate each ratio value as strong or weak Southside sells on terms of net 30. (Round days' sales in receivables to a whole number.) (2) Compute Southside's acid-test ratio. (Round your final answer to two decimal places. Abbreviation used: Avg. = Average: Invest. = Investment Liab. = Liabilities. Merch. = Merchandise: Receiv. = Receivable: Rev. = Revenue.) + E Acid-test ratio Data Table Aocounts Payable S 327.000 Cash 345.740 Accounts Payable Avg. Accounts Receiv. Cash Cost of Goods Sold Merch Inventories Long-term Assets Long-term Liab Net Current Receiv. Net Credit Sales Rev. Other Current Assets Other Current Liab. Short-term Invest. Tats. Current Assets Total Current Liab. Accounts Receivable, net: December 31, 2018 December 31, 2017 S Merchandise inventory ecen 31. 2018 December 2017 232.000 116.000 1.170.000 000 Cast of Goods Sold 210.000 Short-term investments 147.000 Net Credit Sales Revenue 3,175.500 Other current Assets 250 000 Other curren: Babies 187.000 Long-term Assets Long-term Liabilities 130.000 Choose from any list or enter any number in the input fields and then click Check Ans Print Done 5 parts remaining
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