Current Attempt in Progress Selected condensed data taken from a recent balance sheet of Sandhill Inc. are as follows. SANDHILL INC. Balance Sheet (partial) Cash $4,032,000 Short-term investments 4,932,000 Accounts receivable 6.530.000 Inventory 20,825,000 Prepaid assets 571,000 Total current assets $36,890,000 Total current liabilities $17,944,000 (a) Calculate the (1) current ratio and (2) acid-test ratio. (Round current ratio to 1 decimal place, eg 52.7 and acid-test ratio to 2 decimal places, eg. 52.75) 1 Current ratio