A) 1.85

B) 1.80

C) 2.54

D) 1.75

Mayfield Corporation has provided the following financial data: Balance Sheet Assets Current assets: Cash 243,000 Accounts receivable, net 256,000 Inventory 210,000 Prepaid expenses 14,000 Total current assets 723,000 Plant and equipment, net 685,000 $1,408,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $180,000 Accrued liabilities 56,000 Notes payable, short term 49,000 Total current liabilities 285,000 Bonds payable 108,000 393,000 Total liabilities Stockholders' equity: Common stock, $4 par value Additional paid-in capital 368,000 84,000 Retained earnings 563,000 Total stockholders' equity 1,015,000 $1,408,000 Total liabilities & stockholders' equity The company's acid-test (quick) ratio is closest to