What is Ella Company's acid-test ratio? a. 2.39 b. 0.69 c. 1.31 d. 6.69 e. 3.88 Assets

What is Ella Company's acid-test ratio?
a. 2.39
b. 0.69
c. 1.31
d. 6.69
e. 3.88

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Assets Cash ......... Accounts receivable..... Merchandise inventory.. Prepaid insurance Long-term investments.. Plant assets, net........ Total assets.... ELLA COMPANY Balance Sheet December 31 Liabilities $ 86,000 Current liabilities....... $124,000 76,000 Long-term liabilities...... 90,000 122,000 Equity 12,000 Common stock......... 98,000 Retained earnings..... 436,000 $830,000 Total liabilities and equity.. $830,000 300,000 316,000