Erastic Corporation has $17,000 in cash, $9,500 in marketable securities, $38,500 in account receivable, $46,000 in inventories, and $45,000 in current liabilities. The corporations current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporations acid-test ratio is closest to:

Multiple Choice

• 2.47

• 1.23

• 0.86

• 1.44