Bullock & Masters, Inc., reported the following items at December 31, 20X6 (amounts in millions):

Compute Bullock & Masters' (a) acid-test ratio and (b) days' sales in average receivables for 20X6. Evaluate each ratio value as strong or weak. Bullock & Masters sells on terms of net 30 days.

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Balance Sheets (Summarized) Year End 20X6 20X5 Year End 20X6 20X5 Current assets: Current liabilities: Cash Marketable securities Accounts receivable, net Inventories Other current assets $137 $136 83 30 37 29 19 Accounts payable 42Long-term liabilities Stockholders' equity $ 48 48 Other current liabilities 158 277 10 59 137 217 172 246 Long-term assets Total assets $389 $581 Total liabilities and equity $389 $581 Income Statement (partial): 20X6 $450 Sales revenue