The comparative financial statements of Highland Cosmetic Supply for $2024,2023,$ and $2022$ include the data shown here:

$($Click the icon to view the comparative financial data.$)$

Read the requirements.

Requirements

Compute these ratios for $2024$ and $2023$ :

a$.$ Acid$-$test ratio $($Round to two decimals.$)$

b$.$ Accounts receivable turnover $($Round to two decimals.$)$

c$.$ Days' sales in receivables $($Round to the nearest whole day.$)$

Considering each ratio individually, which ratios improved from $2023$ to $2024$ and which ratios deteriorated? Is the trend favorable or unfavorable for the company?

Data table

$\backslash$table$[[$t$,,2024,2023,2022],[$Balance sheet$-$partial$],[$Current Assets:$],[$Cash$,$$$,85,000$$$,70,000$$$,65,000],[$Short$-$term Investments,,$155,000,155,000,115,000],[$Accounts Receivable, Net,,$295,000,250,000,245,000],[$Merchandise Inventory,,$335,000,320,000,320,000],[$Prepaid Expenses $.,,45,000,15,000,25,000],[$Total Current Assets,,$915,000,810,000,770,000],[$Total Current Liabilities,,$570,000,625,000,625,000],[$Income statement$-$partial$],[$Net Sales $($all on account$),,5,840,000,5,150,000,4,200,000$