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Erastic Company has 14,000 in cash, $ 8,000 in marketable securities, $34,000 in account recevables, $40,000 in invetories, and $42,000 in curent liabilities. The compnay's
Erastic Company has 14,000 in cash, $ 8,000 in marketable securities, $34,000 in account recevables, $40,000 in invetories, and $42,000 in curent liabilities. The compnay's curent assets consist of cash, marketable securities, accounts receivable, and invetory. The company's acid test ratio is closest to:
A.1.33
B. .81
C. 2.29
D. 1.14
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