Accounting question. Please answer in format shown 9-11

E9-25 (similar to) Cherokee Carpets reported the following amounts in its 2016 financial statements. The 2015 figures are given for comparison Question Help * 1. Calculate Cherokee's acid-test ratio for 2016 (Round to two decimals.) Determine whether Cherokee's acid-lest ratio improved or deteriorated from 2015 to 2016 How does Cherokee's acid-test ratio compare with the industry average of 0.80 2. Calculate Cherokee's accounts receivable tumover ratio (Round to two decimals) How does Cherokee's rato compare to the industy average accounts receivable t 3. Calculate the days sales in receivables for 2016 (Round to the nearest day.) How do the results compare with Cherokee's credt terms of net 30 Requirement 1 of 10? 2015 to 2016. How does Cherokee's acid-test ratio compare with the industry average of 0 80? (Abbrevations used Cash Cash including cash equivalents, ST invest a Calculate the acid-test ratio for both years )Aci best ratio d-bost ratio 2016 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All Used to claim out-of-network vision benefits