Calculate the Acid Test Ratio. Use the following balances or values to calculate the Acid Test ratio: Accounts Payable - $40,000 Accounts Receivable $12,000 Note Payable - $40,000 Inventory - $50,000 Prepaid Rent - $13,000 Cash in the Bank - $25,000 Mortgage - $80,000 Delivery Truck - $33,000 Expenses - $1,000 Sales - $200,000 The acid test ratio is _________________. 0.63 1.25 1.75 3.75 none of the above