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West Highland Clothiers reported the following selected items at April 30, 2024 (last year's2023amounts also given as needed): Click the icon to view the financial

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West Highland Clothiers reported the following selected items at April 30, 2024 (last year's2023amounts also given as needed): Click the icon to view the financial data.) Compute West Highland's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables for the year ending April 30, 2024. Evaluate each ratio value as strong or weak. West Highland sells on terms of net 30. (Round days' sales in receivables to a whole number.) (Ignore leap-years, using a 365-day where needed.) (a) Compute West Highland's acid-test ratio. (Round your final answer to two decimal places. Abbreviation used: Avg. = Average; Invest. = Investment: Liab. = Liabilities; Merch. = Merchandise; Receiv. = Receivable; Rev. = Revenue.) ) + = Acid-test ratio Data Table $ 321,000 236,700 $ Accounts Payable Cash Merchandise Inventory: April 30, 2024 April 30, 2023 Net Credit Sales Revenue Long-term Assets Long-term Liabilities Accounts Receivable, net: April 30, 2024 April 30, 2023 Cost of Goods Sold Short-term Investments 290,000 220,000 3,285,000 420,000 300,000 150,000 1,220,000 141,000 80,000 181,000 Other Current Assets Other Current Liabilities 120,000 Print Done

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