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Bamboo Industries, Inc. has $39,000 in cash and cash equivalents, $19,000 in long-term investments, $129,000 in net current receivables, $58,000 in inventory and $18,000 in
Bamboo Industries, Inc. has $39,000 in cash and cash equivalents, $19,000 in long-term investments, $129,000 in net current receivables, $58,000 in inventory and $18,000 in short-term investments. The total current liabilities of the firm are $240,000. Bamboo Industries' quick (acid-test) ratio is
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