int(s) - Data table Next question 2024 2023 2022 Balance sheet-partial Current Assets: Cash 55,000 $ 95,000 $ 130,000 Short-term Investments 165,000 valent: 290,000 Accounts Receivable, Net 35,000 155,000 255,000 290,000 45,000 245,000 Merchandise Inventory 330,000 85,000 340,000 20,000 Prepaid Expenses Total Current Assets Total Current Liabilities 825,000 780,000 930,000 555,000 610,000 620,000 ts recei Print Done Balance sheet-partial Current Assets: Cash $ 95,000 $ 55,000 $ 35,000 Short-term Investments 165,000 155,000 130,000 290,000 Accounts Receivable, Net 245,000 255,000 Merchandise Inventory 330,000 85,000 340,000 20,000 290,000 45,000 Prepaid Expenses Total Current Assets 930,000 825,000 780,000 Total Current Liabilities 555, 100 610,000 620,000 Income statement-partial Net Sales (all on account) 5,830,000 5,120,000 4,240,000 C Print Done 1 Requirements 1. Compute these ratios for 2024 and 2023: a. Acid-test ratio (Round to two decimals.) b. Accounts receivable turnover (Round to two decimals.) c. Days' sales in receivables (Round to the nearest whole day.) 2. Considering each ratio individually, which ratios improved from 2023 to 2024 and which ratios deteriorated? Is the trend favorable or unfavorable for the company? C Print Done Requirement 1a. Compute the acid-test ratio for 2024 and 2023. (Round to two decimals.) Abbreviations used: Cash Cash including cash equivalents: Stinvest short-term investments. Round the add toration to two decimals, X.Xox.) Aoid-test ratio 2024 2023 Requirement 1b. Compute the accounts receivable turnover for 2024 and 2023 (Round to two decimals.) (Abbreviations uned: AR tum accounts receivable turnover ratio: Cash Cash including cash equivos ST short-term investments. Round the accounts receivable lumovetration to two decimals, XXX) AR turn 2024 Submit Course Chat equirement to compute the days sales in receivables for 2024 and 2023. (Round to the newest whole day) (Abbreviations used Cash Cash including casheque ort-term investments. Round interim calculations to two decimals, XXX, and the days in molvable to the nearest whole day) Days' sale in AR 024 023 equirement 2. Considering each ratio individually, which ratios Improved from 2023 to 2024 and which ratios deteriorated? Is the trend vorable or unfavorable for the company The acid-test ratio from 2023 to 2024. This trend the company The accounts receivable turnover V from 2023 to 2024. This trend the company