S 4-22 (Algo) Computing and interpreting acid-test ratio LO A1 The following information on current assets and current liabilities is for Belkin Company. Cash $ 1,280 Prepaid expenses $ 600 Accounts receivable 2,295 Accounts payable 5,700 Inventory 4,100 Other current liabilities 800 Compute Belkin's acid-test ratio. If its competitor, Logit, has an acid-test ratio of 1.2, which company is better able to pay for current liabilities with its quick assets? Complete this question by entering your answers in the tabs below. Required ARequired B Compute Belkin's acid-test ratio. Belkin's acid-test ratio Numerator: Denominator: = Acid-Test Ratio / = Acid-test ratio / = to 1