Homework: Week Five: Chapter 8: Exercises Save > Score: 0 of 1 pt 6 of 8 (0 complete) HW Score: 0%, 0 of 8 pts S9-13 (similar to) Question Help Gardner Clothiers reported the following selected items at August 31, 2016 (last year's-2015amounts also given as needed) (Click the icon to view the financial data.) Compute Gardner's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' solos in receivables for 2016. Evaluate each rato value as strong or weak Gardner sells on terms of net 30. (Round days' sales in receivables to a whole number) Inc (a) Compute Gardner's acid-test ratio. (Round your final answer to two decimal places. Abbreviation used Avg Average Invest Investment Limb, Libilities Merch, Merchandise, Receive Receivable; Rev. Revenue) Acid-test ratio ) v1) > ules . Data Table $ Accounts Payable Cash Merchandise Inventory: August 31, 2016 August 31, 2015 Net Credit Sales Revenue 329,000 Accounts Receivable, net: 313,740 August 31, 2016 August 31, 2015 290,000 Cost of Goods Sold 220,000 Short-term Investments 3,248,500 Other Current Assets 440,000 Other Current Liabilities 110,000 278,000 167,000 1,250,000 149,000 100,000 189,000 Long-term Assets Long-term Liabilities Print Done