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Concord Industries has the following current assets and liabilities on the company's balance sheet: Cash $16040; Accounts Receivable $3400; Inventory $53000; Prepaid Rent $2800; Accounts

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Concord Industries has the following current assets and liabilities on the company's balance sheet: Cash $16040; Accounts Receivable $3400; Inventory $53000; Prepaid Rent $2800; Accounts Payable $21000; and Unearned Revenue $3000 The company's acid-test ratio would be 0.81:1 0.30:1 1.07:1 1.23:1

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