A company has the following accounts. What is the acid test ratio? Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock Wages payable Consulting fees earned Rent expense Salaries expense Telephone expense Miscellaneous expense $10,000 20,500 2,625 34,153 14,535 18,352 54,490 2,000 13,718 3,673 6,642 560 280 Multiple Choice 4.00% O 4.50% 1.75% O 2.30% O 1.50% The credit terms 5/15, n/30 are interpreted as: Multiple Choice 30% discount If paid within 15 days. 5% discount if paid within 30 days. 5% cash discount if the amount is paid within 15 days, with the balance due in 30 days. 30% discount if pald within 5 days. 15% cash discount if the amount is paid within 5 days, with balance due in 30 days