Pritchett Co. reported the following year-end data: Cash $ 20,000 Short-term investments $ 8,400 Accounts receivable (current) $ 14,800 Inventory $ 17,600 Other current assets $ 6,700 Total current liabilities $ 27,000 Compute the (a) current ratio and (b) acid-test ratio.

Compute the acid-test ratio.

Compute the current ratio.

Current Ratio
Choose Numerator:	/	Choose Denominator:	=	Current Ratio
	/		=	Current ratio
	/		=		to 1

Acid-Test Ratio
Choose Numerator:					/	Choose Denominator:	=	Acid-Test Ratio
	+		+		/		=	Acid-test ratio
	+		+		/		=		to 1