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Current assets for Distributions Inc. are $260,000 and total assets are $600,000. Current liabilities are $170,000 and total liabilities are $300,000. Included in the current
Current assets for Distributions Inc. are $260,000 and total assets are $600,000. Current liabilities are $170,000 and total liabilities are $300,000. Included in the current assets are merchandise inventory and prepaid expenses of $25,000 and $15,000, respectively. What is the acid-test ratio? Round to two decimal places. OA. 1.15 OB. 1.53 OC. 0.87 OD. 1.29
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