Presented below is information available for Morton Company. Current Assets Cash $ 4,000 Short-term investments 75,000 Accounts receivable 61,000 Inventories 110,000 Prepaid expenses 30,000 Total current assets $280,000 Total current liabilities are $120,000. The acid-test ratio for Morton is a. 2.33 to 1. b. 2.08 to 1. c. 1.17 to 1. d. .54 to 1.