ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) $ 150 200 300 Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: 450 1,100 $ 2,200 Current liabilities $ 450 Long-term liabilities 600 Common stock 150 Retained earnings 1,000 Total liabilities and shareholders' equity $ 2,200 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $7,700 7,110 590 90 150 350 Required: Compute the following financial statement ratios for 2021: Altoid Co.'s acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio