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A year-end, Simpson Company has cash of $8,000, current accounts recelvablo of $40,000, merchapdise inventory of 543,200 , and prepsid eipenses toeiling 35,100 . Liablites

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A year-end, Simpson Company has cash of $8,000, current accounts recelvablo of $40,000, merchapdise inventory of 543,200 , and prepsid eipenses toeiling 35,100 . Liablites of 532.000 mus be paid next year: What is Simpson's acid-lest ratio? (Round your antwor to two dooimal places) A. 0.25 B. 2.65 C. 1.60 0. Cannot be determined from the data given

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