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Erastic Corporation has $30,000 in cash, $16,000 in marketable securities, $58,000 in account receivable, $72,000 in inventories, and $58,000 in current liabilities. The corporations current

Erastic Corporation has $30,000 in cash, $16,000 in marketable securities, $58,000 in account receivable, $72,000 in inventories, and $58,000 in current liabilities. The corporations current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporations acid-test ratio is closest to:

  • 1.00

  • 1.52

  • 1.79

  • 3.03

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