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Please showing the process Sheridan Industries has the following current assets and current liabilities on the company's balance sheet: Cash $16000; Accounts Receivable $5600; Inventory

Please showing the process

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Sheridan Industries has the following current assets and current liabilities on the company's balance sheet: Cash $16000; Accounts Receivable $5600; Inventory $53000; Prepaid Rent $2900; Accounts Payable $19000; Long-Term Notes Payable $20000; and Unearned Revenue $5000. The company's acid-test ratio would be (9 0.90:1 O 1.76:1 O 0.41:1 O 1.20:1

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