Assume Black Corporation reported the following items at year-ends 2014 and 2013.

Requirements
1. Compute Black's (a) acid-test ratio and (b) days' sales in average receivables for 2014.
Evaluate each ratio value as strong or weak. Assume Black sells on terms of net 30 days.
2. Recommend two ways the company can speed up its cash flow.

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Black Corporation Consolidated Balance Sheets (Summarized) amounts in millions) March 1, March 3 2014 2013 March 1, March 3, 2014 2013 Current assets: Current liabilities: $1,184.4$ 677.1 Accounts payable s 271.1 $ 130.3 20.7 310. Other current liabilities1,203.3 416.3 103.2 58.8 Short-term investments... Accounts receivable, net 1,174.7 572.6 Long-term liabilities Inventories Other current assets.. 396.3 255.9 301.3 103.6 Shareholders' equity Capital assets Total assets 2,033.8 1,169.6 $5,511.2 $3,088.9 Total liabilities and e quity...$5.511.2 $3,088.9 Income Statement (partial): 2014 Revenue $6,009.4