Excerpts from Colter Corporation's most recent balance sheet appear below:

	Year 2			Year 1
Current assets:
Cash	$	100		$	130
Accounts receivable, net		120			130
Inventory		200			190
Prepaid expenses		50			50
Total current assets		470			500
Total current liabilities	$	360		$	340

Sales on account in Year 2 amounted to $1,460 and the cost of goods sold was $870.

The acid-test (quick) ratio at the end of Year 2 is closest to:

Multiple Choice

• 0.75

• 1.31

• 0.93

• 0.61