Balance Sheet Assets Current Assets Cash Accounts Receivable Inventory Total Liabilities & Owner's Equity Current Year Current Year Current Liabilities $ 435 Accounts Payable $ 789 578 901 Total $ 789 $ 1,914 Long Term Debt $ 1,111 Fixed Assets I Total Liabilities $ 1,900 Net PP &E $ 8,789 Owner's Equity $ 8,803 Total Assets S 10,703 Total Liab. And Equity $ 10,703 Current Year Income Statement Sales Cost of Goods Sold Depreciation Earnings Before Interenst and Taxes Interest S67,500 7,890 333 $59,277 652 Current Year Income Statement Sales Cost of Goods Sold Depreciation Earnings Before Interenst and Taxes Interest Earnings Before Taxes Taxes $67,500 7,890 333 $59,277 652 $58,625 23,450 35,175 Net Income Solve for the acid-test ratio with the given income statement and balance sheet assume all sales are made on credit). Assume that there are 365 days in a year. O 0.48 O 0.55 O 1.28 I 2.43