133) Bevington Studio reported the following income statement and balance sheet amounts on December 31, 2007. Net sales revenue (all credit) Cost of goods sold Gross prot Selling and general expenses Interest expense Net income Current assets Long-term assets Total assets 12/ 31 Current liabilities Long-term liabilities Common stockholders' equity - 12/31 Total liabilities and stockholders' equity Inventory and prepaid expenses account for $20,000 of the 2007 current assets. Average inventory for 2007 is $15,000. Average net accounts receivable for 2007 is $30,000. Average oneday sales are $3,150. There are 7,000 shares of common stock outstanding. Total dividends paid during 2007 were $140,000. The market price per share of common stock is $21. What is the company's acidtest ratio? A) 0.42 B) 1.60 C) 2.40 D) 0.63