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P9-34A (similar to) The comparative financial statements of Northend Cosmetic Supply for 2018, 2017 and 2016 include the data shown here. BEE (Click the icon to view the comparative financial data) Data Table Read the requierents 2018 2017 2016 Requirement 1a. Compute the acid-test ratio for 2018 and 2017. (Round to two decimals) (Abbreviations used Cash Cash including decimals XXX) (Cash . ST investNet current receivables) : Total current fiabilities Acid test ratio 2018 $ 505,000 535.000 094 20175 490 000 600,000 0.82 Balance sheel-partial Current Assets Cash Short-term Investments Accounts Receivable Net $ 85,000 $ 135.000 285,000 345.000 25 000 50,000 $ 180 000 260,000 310,000 30.000 45,000 115,000 255.000 315.000 45.000 Requirement 1b, Compute the accounts receivable turnover for 2018 and 2017. (Round to wo decimals (Abbreviations used AR tur short-term investments Round the accounts receivable turnover ratios to two decimals, XXX) Merchandise Inventory 2018 2017 Prepaid Expenses Total Current Assets Total Current Liabilities Income statement-partial Net Sales (all on account) 935.000 535,000 800.000 600.000 775.000 620,000 5,870.000 5.180,000 4.250,000 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Pim Done

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