The comparative financial statements of Gold Cosmetic Supply for 2024, 2023, and 2022 include the data shown here: (Click the icon to view the comparative financial data.) Read the requirements. Requirement 1a. Compute the acid-test ratio for 2024 and 2023. (Round to two decimals.) (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the acid test ratios to two decimals, X.XX.) 2024 Data Table 2023 Requirement 1b. Compute the accounts receivable turnover for 2024 investments. Round the accounts receivable turnover ratios to two del hover ratio; Cash = Cash including cash equivalents; ST invest. = short-term 2024 2023 2022 Balance sheet-partial 2024 Current Assets: 2023 Cash $ 80,000 $ 65,000 $ 60,000 Short-term Investments 130,000 155,000 115,000 Requirement 1c. Compute the days' sales in receivables for 2024 an two decimals, X.XX, and the days in receivables to the nearest whole equivalents; ST invest. = short-term investments. Round interim calculations to Accounts Receivable, Net 260,000 Merchandise Inventory 270,000 360,000 55,000 340,000 50,000 240,000 290,000 45,000 2024 2023 Prepaid Expenses Total Current Assets Total Current Liabilities 895,000 870,000 750,000 630,000 530,000 615,000 Requirement 2. Considering each ratio individually, which ratios impro for the company? Income statement-partial The acid-test ratio from 2023 to 2024. This trend Net Sales (all on account) 5,830,000 5,110,000 4,220,000 The accounts receivable turnover from 2023 to 20 Print Done The days' sales in receivables from 2023 to 2024. Choose from any list or enter any number in the input fields and then continue to the next question. The comparative financial statements of Gold Cosmetic Supply for 2024, 2023, and 2022 include the data shown here: P: (Click the icon to view the comparative financial data.) Read the requirements. Requirement 1a. Compute the acid-test ratio for 2024 and 2023. (Round to two decimals.) (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the acid test ratios to two decimals, X.XX.) Acid-test ratio 2024 2023 Requirement 1b. Compute the accounts receivable turnover for 2024 and 2023. (Round to two decimals.) (Abbreviations used: AR turn = accounts receivable turnover ratio; Cash = Cash including cash equivalents; ST invest. = short-term investments. Round the accounts receivable turnover ratios to two decimals, X.XX.) AR turn 2024 2023 Requirement 1c. Compute the days' sales in receivables for 2024 and 2023. (Round to the nearest whole day.) (Abbreviations used: Cash = Cash including cash equivalents; ST invest. = short-term investments. Round interim calculations to two decimals, X.XX, and the days in receivables to the nearest whole day.) = Days' sales in AR 2024 2023 Requirement 2. Considering each ratio individually, which ratios improved from 2023 to 2024 and which ratios deteriorated? Is the trend favorable or unfavorable for the company? The acid-test ratio from 2023 to 2024. This trend the company. The accounts receivable turnover from 2023 to 2024. This trend the company The days' sales in receivables from 2023 to 2024. This trend the company Choose from any list or enter any number in the input fields and then continue to the next
