(Solution) - Saybrooke Inc reported the following items at December 31 2016 -(2025 Original AI-Free Solution)

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Saybrooke, Inc., reported the following items at December 31, 2016, and 2015:

Requirmetns
1. Compute Saybrooke's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2016. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days.
2. Recommend two ways for Saybrooke to speed up its cash flow from receivables.