please give me correct answer I post this question 3 time and I get wrong answer.

8 Part 1 of 6 Points: 1 of 10 Save Abbotsford Ltd, a gift store, reported the following amounts in its 2020 financial statements The 2019 figures are given for comparison (Click the icon to view the comparative financial information.) Required 1. Determine whether Abbotsford Ltd's acid-test ratio improved or deteriorated from 2019 to 2020 How does Abbotsford Ltd's acid test ratio compare with the industry average of 0 90? 2. Compare the days' sales in receivables measure for 2020 with the company's credit terms of net 30 What action, if any, should Abbotsford Ltd take? 3. Indicate the most likely effect of the following changes in credit policy on the days' sales in receivables ( for increase, for decrease, and NE for no effect) a. Granted credit to people with poor credit history b. Increased collection techniques or methods c. Granted credit with discounts for early payment Requirement 1. Determine whether Abbotsford Ltd 's acid-test ratio improved or deteriorated from 2019 to 2020 How does Abbotsford Ltd's acid-test ratio compare with the industry average of 0 90? Calculate Abbotsford's acid test ratios for 2020 and 2019 (Round the ratios to two decimal places.) Incorrect 2020 2019 Acid-test ratios WILTU av a gifts con to Financial Information -X compare with the 2020 2019 ormation om rage e days most credit d coll credit Current assets Ltd take? NE for no effect) Cash $ 24,000 $ 38,000 Short-term investments 51,000 27,000 Accounts receivable $ 136,000 32,000 $ 164,000 30,000 Less Allow for doubtful accts 104.000 134 000 Inventory 384 000 390,000 4.000 Prepaid insurance 4.000 eter vera cid-test ratio comp Total current assets $ 573.000 $ 587.000 ord's Total current liabilities 228 000 $ 234 000 Net sales $ 1496 000 S 1 500 000