Mayfield Corporation has provided the following financial data: Balance Sheet Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 303,000 316,000 234,000 26,000 879,000 745,000 $ 1,624,000 Accrued liabilities $ 252,000 68,000 61,000 Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $4 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 381,000 132,000 513,000 392,000 96,000 623,000 1,111,000 $ 1,624,000 The company's acid-test (quick) ratio is closest to: Multiple Choice 1.69 1.62 1.74 2.31