please answer only this equation ----Refer to Question 6. What is the acid-test ratio as of the year end?

6- Using the data below, you are responsible to construct the current year's balance sheet. Suppose that current assets consist of cash, accounts receivable, and inventory. Balance sheet classifications include cash, accounts receivable, inventory, total noncurrent assets, total current assets, total current liabilities, total noncurrent liabilities, and equity. Let 1 year = 360 days. What is the net income for the current year? (There is no tax obligation for the company) (Hint: pay attention to the "beginning accounts receivable") Current ratio. 2 Days' sales in inventory 36 days Accounts receivable turnover 16 Gross profit margin ratio 50% Beginning accounts receivable $50,000 Expenses (excluding cost of goods sold) ... $450,000 Return on end-of-year common equity ... 20% Total debt to equity ratio 1 Sales (all on credit) $1,000,000 Noncurrent assets ... $300,000 7- Refer to Question 6. What is the acid-test ratio as of the year end? a) 1 b) 1,25 C) 1,5 d) 1,75