Question 10 Not yet answered Marked out of 1 P Flag question Time left 0:46:40 The following financial information related to two competitors from the same industry (Company A and Company B) at December 31, 2019. Company A Company B Cash $5,000 $10,000 Short-term Investments 8,000 14,000 Accounts Receivable 92,000 70,000 Inventories 160,000 80,000 Plant Assets (net) 170,000 120,000 Intangible Assets 20,000 10,000 Current Liabilities 60,000 53,000 Non Current Liabilities 120,000 80,000 Income Statement Accounts Net Sales (allat credit) 850,000 720,000 Cost of Goods Sold 650,000 540,000 Selling and administrative expense 100,000 80,000 Interest expense 10,000 10,000 Income taxes 10,000 10,000 Net income 80,000 80,000 Additional Information: 1. Assets and liabilities in the table above representall assets and liabilities 2. Use the year 365 days. Compute Acid-test Ratio Company A-1.75. Company - 1.77 Company - 1:77: Company 1.75 Company A 175. Company B-13 Company A-2. Company 8-2