LOGIC COMPANY
	Comparative Income Statement
	For Years Ended December 31, 2017 and 2018
		2018			2017
	Gross sales	$	23,000		$	18,000
	Sales returns and allowances		800			100
	Net sales	$	22,200		$	17,900
	Cost of merchandise (goods) sold		11,000			7,600
	Gross profit	$	11,200		$	10,300
	Operating expenses:
	Depreciation	$	1,100		$	800
	Selling and administrative		5,200			4,000
	Research		950			700
	Miscellaneous		760			500
	Total operating expenses	$	8,010		$	6,000
	Income before interest and taxes	$	3,190		$	4,300
	Interest expense		960			700
	Income before taxes	$	2,230		$	3,600
	Provision for taxes		892			1,440
	Net income	$	1,338		$	2,160

	LOGIC COMPANY
	Comparative Balance Sheet
	December 31, 2017 and 2018
		2018			2017
	Assets
	Current assets:
	Cash	$	11,500		$	8,500
	Accounts receivable		16,000			12,000
	Merchandise inventory		8,000			13,500
	Prepaid expenses		23,500			9,500
	Total current assets	$	59,000		$	43,500
	Plant and equipment:
	Building (net)	$	14,000		$	10,500
	Land		13,000			8,500
	Total plant and equipment	$	27,000		$	19,000
	Total assets	$	86,000		$	62,500
	Liabilities
	Current liabilities:
	Accounts payable	$	12,500		$	6,500
	Salaries payable		6,500			4,500
	Total current liabilities	$	19,000		$	11,000
	Long-term liabilities:
	Mortgage note payable		21,500			20,000
	Total liabilities	$	40,500		$	31,000
	Stockholders Equity
	Common stock	$	20,500		$	20,500
	Retained earnings		25,000			11,000
	Total stockholders equity	$	45,500		$	31,500
	Total liabilities and stockholders equity	$	86,000		$	62,500

Calculate the acid test ratio. (Round your answers to the nearest hundredth.)

2017:

2018: