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.

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