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Mayfield Corporation has provided the following financial data: Balance Sheet Assets Current assets: Cash$ 2 2 3 , 0 0 0 Accounts receivable, net 2

Mayfield Corporation has provided the following financial data: Balance Sheet Assets Current assets: Cash$ 223,000Accounts receivable, net236,000Inventory202,000Prepaid expenses10,000Total current assets671,000Plant and equipment, net665,000Total assets$ 1,336,000Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 156,000Accrued liabilities52,000Notes payable, short term45,000Total current liabilities253,000Bonds payable100,000Total liabilities353,000Stockholders' equity: Common stock, $4 par value360,000Additional paid-in capital80,000Retained earnings543,000Total stockholders' equity983,000Total liabilities & stockholders' equity$ 1,336,000 The companys acid-test (quick) ratio is closest to:

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