Mayfield Corporation has provided the following financial data:

Balance Sheet
Assets
Current assets:
Cash	$ 268,000
Accounts receivable, net	281,000
Inventory	220,000
Prepaid expenses	19,000
Total current assets	788,000
Plant and equipment, net	710,000
Total assets	$ 1,498,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 210,000
Accrued liabilities	61,000
Notes payable, short term	54,000
Total current liabilities	325,000
Bonds payable	118,000
Total liabilities	443,000
Stockholders' equity:
Common stock, $4 par value	378,000
Additional paid-in capital	89,000
Retained earnings	588,000
Total stockholders' equity	1,055,000
Total liabilities & stockholders' equity	$ 1,498,000

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

Multiple Choice

1.80

1.75

2.42

1.69