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Assets: Cash $60 Accounts receivable (net) 170 Investments 50 Inventory 200 Prepaid rent 25 Total current assets Property & Equipment, (net) 255 Total assets

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Assets: Cash $60 Accounts receivable (net) 170 Investments 50 Inventory 200 Prepaid rent 25 Total current assets Property & Equipment, (net) 255 Total assets $760 Total liabilities and equity What is the acid-test ratio? 505 Common stock Liabilities and Stockholder's Equity: Accounts payable Other liabilities Total current liabilities Long-term liabilities Total liabilities Retained earnings Total stockholders' equity Note: Round your answer to two decimal places. Multiple Choice 1.58 C 0.25 0.88 1.17

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