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Current Ratio 2.4 to 1 Acid-Test Ratio 2 1 to 1 Current Liabilities $400.000 Inventory Tumover (using ending inventory) 4 times *Assume that the acid

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Current Ratio 2.4 to 1 Acid-Test Ratio 2 1 to 1 Current Liabilities $400.000 Inventory Tumover (using ending inventory) 4 times *Assume that the acid test ratio is computed as follows: Current Assets - Inventory Current Liabilities What is the Acid-Test Ratio

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