Knowledge Check $01$

A company reports the following balances:

Quick Assets

Current Liabilities

$$11,000$

$13,000$

The company's acid$-$test ratio equals:

$1\mathrm{.}18$

$0\mathrm{.}85$

$0\mathrm{.}18$

$1\mathrm{.}85$

Prev

$28$

$29$