Week $5$: Lamsey Company reported the following selected items at July $31,2025($last year's$-2024-$amounts also

given as needed$)$:

View the selected items.

Compute Lamsey Company's $($a$)$ acid$-$test ratio, $($b$)$ accounts receivable turnover ratio, and $($c$)$ days'

sales in receivables as of July $31,2025.$

$($a$)$ Determine the formula, then compute the acid$-$test ratio. $($Abbreviations used: Cash $=$ Cash including

cash equivalents; ST invest. $=$ short$-$term investments. Enter the Week $5$: XX$.)$

$($Cash $+$ ST invest. $+$ Net current

receivables$)$

$$

$=$ Acid$-$test ratio

$=$

Selected Items