1.cash is 10,000 net accounts receivable amount to 22,000, inventory is 55,000 prepaid expenses total 3,000 and current liabilities are 40,000 what is the acid test ratio?

2. gg enterprise has 400 current assets, composed of 200 cash 100 accounts receivable, and 100 of inventory. the enterprise has 200 of long-term debt, 100 of accounts payable, and 75 of notes payable. the notes payable is due in 6 months. the acid test ratio to two decimal places is?