West Highland Clothiers reported the following selected items at November 30, 2016 (last year's-2015-amounts 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 2016. 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) (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.

West Highland Clothiers reported the following selected items at November 30, 2016 (last year's-2015--amounts 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 2016. Evaluate each ratio value as strong or weak West Highland sellis on terms of net 30. (Round days' sales in receivables to a whole number) (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, Recelv = Receivable. Rev = Revenue.) Acid-test ratio x Data table $ 240,000 120,000 Accounts Payable Cash Merchandise Inventory November 30, 2016 November 30, 2015 Net Credit Sales Revenue Long-term Assets Long-term Liabilities 330,000 Accounts Receivable, net 358,800 November 30, 2016 November 30, 2015 260,000 Cost of Goods Sold 240.000 Short-term Investments 3,285,000 Other Current Assets 360,000 Other Current Liabilities 130,000 1.190.000 150,000 100,000 190,000 Print Done