Drummond Company Balance Sheet Assets: Cash and marke table securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $400,000 1,415,000 1,847,500 24,000 3,686,500 2,800,000 (1,087,500) 1,712,500 $5,399,000 $600,000 875,000 Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Common Stock (100,000 shares) Retained Eamings Total liabilities and owner's equity 92,000 $1,567,000 900,000 700,000 2,232,000 $5,399,000 Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense $6,375,000 (4,375,000)| (1,000,000) (135,000) Interest expense Earnings before taxes Income taxes Net income (100,000) $765,000 (306,000) $459,000 Based on the information in Table 4-2, the acid-test ratio is Select one: A. 1.33. B. 1.39. C. 1.17. D. 2.15.