Erastic Corporation has $28,000 in cash, $15,000 in marketable securities, $55,000 in account receivable, $68,000 in inventories, and $56,000 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

• 0.98

• 1.48

• 1.75

• 2.96