teat ratios to hro decimals, XX ) investments. Round interim calculations to two decimals, XXX and the days in receivables bo the pearost whole day) Requirement 2 Considerng each ratio individualy, which rabos improved trom 2023 to 2024 and wich rabos detederated? is the vend Gworable or untavoratie for the company? The aciditeat rabo from 2023 to 2024 . This tend the combany. The accounts receivable tamover from 2003 to 2024, This trend the company The dap' salet in rectivables from 2023 to 2024 . This trend ne company. Requirements 1. Compcite these ratios foe 2024 and 2023 : a. Acid-test rabo (Round to fwo decimals.) b. Accounts receivable turnover (Rocund to two decimals.) C. Day's sake in recelvables (Round to the nearest whole day) and which ratios deteriorated? is the trend favocable or unfavorable for the corppany? debits frst, then credits. Exclude oxplanations from lownal entries.) Dec. 31: Made an adfusting entry to acorve interest on the Concord sounds note. Dec:31: Made a closing entry for interest revenue. Jun, 30: Loaned $11,000 cash to RS Publshing, receiving a sik-month, 18% note. Uct. Z: Received a $7,000,60-day, 18% note for a sale to Ubica Music, Ignore Cost of Goods Sold, Dec. 1: Utica Music dishonored its note at maturity. (Prepere a single compound joumal entry.) Doc. 1: Wrote off the recoivable associated with Utica Music. (Use the atowance method.) More info