Complete the requirements Pawnee Carpets reported the following amounts in its 2025 financial...
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Pawnee Carpets reported the following amounts in its 2025 financial statements. The 2024 figures are given for comparison. View the comparative financial information. two decimals, X.XX.) Calculate the acid-test ratio for both years. Comparative Financial Information Requirements 1. Calculate Pawnee Carpets' acid-test ratio for 2025. (Round to two decimals.) Determine whether Pawnee Carpets' acid-test ratio improved or deteriorated from 2024 to 2025. How does Pawnee Carpets' acid-test ratio compare with the industry average of 0.80 ? 2. Calculate Pawnee Carpets' accounts receivable turnover ratio for 2025. (Round to two decimals.) How does Pawnee Carpets' ratio compare to the industry average accounts receivable turnover of 10 ? 3. Calculate the days' sales in receivables for 2025. (Round to the nearest day.) How do the results compare with Pawnee Carpets' credit terms of net 30
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