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The comparative financial statements of Essex Cosmetic Supply for 2024, 2023, and 2022 include the...

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Accounting

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The comparative financial statements of Essex Cosmetic Supply for 2024, 2023, and 2022 include the data shown here; (Click the icon to view the comparative financial data.) Read the requirements. Requirement 1a. Compute the acid-test ratio for 2024 and 2023 . (Round to two decimals) (Abbreviations used Cash = Cash including cash equivalents. ST invest = short-term investments. Round the acid test ration to two decimals, XXX.) Requirement 1b. Compute the accounts recelvable turnover for 2024 and 2023 . (Round to two decimals.) (Abbreviations used: AR turn = accounts receivable tumover ratio, Cash = Cash including cash equivalents, SI invest = short-term investments Round the accounts receivable turnover ratios to two decimals, XXX ) Requirement 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? The acid-test ratio from 2023 to 2024 . This trend the company The accounts recelvable turnover from 2023 to 2024 . This trend the company. The days' sales in recelvables from 2023 to 2024 Thisftrend the company. Data table

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