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Presented below is information related to Waterway Industries. Current Assets Cash Short-term investments Accounts receivable Inventories $ 15000 76000 64000 105000 31000 $291000 Prepaid expenses

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Presented below is information related to Waterway Industries. Current Assets Cash Short-term investments Accounts receivable Inventories $ 15000 76000 64000 105000 31000 $291000 Prepaid expenses Total current assets Total current liabilities are $99000. What is the acid-test ratio? 2.9 to 1. 0.9 to 1. 2.6 to 1. 0 1.6 to 1

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