Read the resurements 1. Calculate Algonquin's acid-test ratio for 2024. (Round to two decimals.) Determine...
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Read the resurements 1. Calculate Algonquin's acid-test ratio for 2024. (Round to two decimals.) Determine whether Algonquin's acid-test ratio improved or deteriorated from 2023 to 2024. How does Algonquin's acid-test ratio compare with the industry average of 0.80 ? 2. Calculate Algonquin's accounts receivable turnover ratio. (Round to two decimals.) How does Algonquin's ratio compare to the industry average accounts receivable turnover of 10 ? 3. Calculate the days' sales in receivables for 2024. (Round to the nearest day.) How do the results compare with Algonquin's credit terms of net 30
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