The comparative financial statements of Northend Cosmetic Supply for 2024, 2023, and 2022 include the data shown here: (Click the icon to view the comparative financial data.) Read the requirements. acid test ratios to two decimals, X.XX.) cash equivalents; ST invest. = short-term investments. Round the accounts receivable turnover ratios to two decimals, X.XX.) \begin{tabular}{llll} & & = & AR turn \\ 2024 & & = & = \end{tabular} Requirement 1c. Compute the days' sales in recelvables tor '2024 and '2023. (Kound to the nearest whole day.) (Abbreviatons used: Cash = Cash Includng cash equivalents; $ Invest. = short-term investments. Round interim calculations to two decimals, X.XX, and the days in receivables to the nearest whole day.) \begin{tabular}{|c|c|c|} \hline & & = Days' sales in AR \\ \hline 2024 & & = \\ \hline 2023 & & = \\ \hline \end{tabular} 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 The accounts receivable turnover The days' sales in receivables from 2023 to 2024. This trend from 2023 to 2024. This trend from 2023 to 2024. This trend the company. the company. the company. \begin{tabular}{|c|c|c|c|c|} \hline & & 2024 & 2023 & 2022 \\ \hline \multicolumn{5}{|l|}{ Balance sheet-partial } \\ \hline \multicolumn{5}{|l|}{ Current Assets: } \\ \hline Cash & $ & 85,000$ & 55,000$ & 65,000 \\ \hline Short-term Investments & & 115,000 & 185,000 & 135,000 \\ \hline Accounts Receivable, Net & & 265,000 & 245,000 & 225,000 \\ \hline Merchandise Inventory & & 365,000 & 310,000 & 295,000 \\ \hline Prepaid Expenses & & 65,000 & 45,000 & 50,000 \\ \hline Total Current Assets & & 895,000 & 840,000 & 770,000 \\ \hline Total Current Liabilities & & 535,000 & 650,000 & 620,000 \\ \hline \multicolumn{5}{|l|}{ Income statement_partial } \\ \hline Net Sales (all on account) & & 5,830,000 & 5,160,000 & 4,260,000 \\ \hline \end{tabular}