The comparative financial statements of Suffolk 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, XXX) Acid-fest 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, xxx) AR tum 2024 2023 Requirement le 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, XXX, 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 ration deteriorated? Is the trend favorable or unfavorable for the company? from 2023 to 2024. This trend the company The acid-test ratio The accounts receivable turnover The days sales in receivables from 2023 to 2024. This trend the company from 2023 to 2024. This trend the company X ra e trend Data Table 2024 2023 2022 Balance sheet-partial Current Assets: Cash $ 55,000 $ 65,000 80,000 $ 130,000 180,000 125,000 220,000 Short-term Investments Accounts Receivable, Net Merchandise Inventory Prepaid Expenses Total Current Assets 265,000 330,000 60,000 260,000 350,000 25,000 300,000 40,000 750,000 865,000 580,000 870,000 600,000 Total Current Liabilities 660,000 Income statement-partial Net Sales (all on account) 5,840,000 5,150,000 4,250,000 Print Done