A company has $60,000 in cash, $75,000 in short-term investments, $140,000 in net current receivables, and $145,000 in inventory. The total current liabilities of the firm are $395,000. The acid-test ratio of the company is Select one: 0.94 0.91 0.75 O 0.70 Which of the following liabilities creates no expense for the company? Select one: O Interest O Warranty O Sales tax O Employment Insurance e The seller would record the return of merchandise sold on account in the sales journal. Select one: O True O False Canada Pension Plan (CPP) contributions, employment insurance (El), and personal income taxes are statutory (legally required) payroll deductions. Select one: O True O False