Mayfield Corporation has provided the following financial data:

Balance Sheet
Assets
Current assets:
Cash	$	228,000
Accounts receivable, net		241,000
Inventory		204,000
Prepaid expenses		11,000
Total current assets		684,000
Plant and equipment, net		670,000
Total assets	$	1,354,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	162,000
Accrued liabilities		53,000
Notes payable, short term		46,000
Total current liabilities		261,000
Bonds payable		102,000
Total liabilities		363,000
Stockholders' equity:
Common stock, $4 par value		362,000
Additional paid-in capital		81,000
Retained earnings		548,000
Total stockholders' equity		991,000
Total liabilities & stockholders' equity	$	1,354,000

The companys acid-test (quick) ratio is closest to:

Multiple Choice

• 1.89

• 1.84

• 2.62

• 1.80