Cherokee, Inc., reported the following items at December 31, 2010 and 2009:

Requirement
1. Compute Cherokees
(a) Acid-test ratio
(b) Days sales in average receivables for 2010.
Evaluate each ratio value as strong or weak. Cherokee sells on terms of net 30days.

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Balance Sheets (Summarized) Year End Year End 2010 2009 2010 2009 Current assets: Current liabilities: Accounts payable Other current liabilities. 103,000 105,000 Cas S 3,000 9,000 9,000 19,000 S 20,500 15,000 16,000 135,000 135,500 $272,000 $277,000 Accounts receivable, net Inventory Other current asset 20,000 55,000 69,000 Long-term liabilities 192,000 188,000 2,000 2,000 Stockholders' equity Longterm assets Total a S272,000 277,000 Total liabilities and equity. 2010 $730,000 Income Statement (partial): Sales revenue