Erastic Corporation has $34,000 in cash, $18,000 in marketable securities, $64,000 in account receivable, $80,000 in inventories, and $62,000 in current liabilities. The corporations current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporations acid-test ratio is closest to:

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Erastic Corporation has $34,000 in cash, $18,000 in marketable securities, $64,000 in account receivable, $80,000 in inventories, and $62,000 in current liabilities. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation's acid-test ratio is closest to: Multiple Choice O 1.87 1.03 O 1.58 O o 3.16