8. LOGIC COMPANY Comparative Balance Sheet December 31, 2017 and 2018 2018 2017 2 points $11,400 $ 8,300 15,800 11,800 7,800 13,300 23,300 2.300 $58,300 $42,700 eBook Print References $13,800 $10,300 12,800 8,300 $26,600 $18,600 $84,900 $61,300 Assets Current assets Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets Liabilities Current liabilities Accounts payable Salaries payable Total current liabilities Long-term liabilities: Mortgage note payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $12,300 $ 6,300 6,300 4,300 $18,600 $10,600 21,300 19,800 $39,900 $30,400 $20,300 $20,300 24,700 10,600 $45,000 $30,900 $84,900 $61,300 Calculate the acid test ratio. (Round your answers to the nearest hundredth.) 2018 2017 Acid test ratio