Sanchez Corporation Selected Financial Information 12/31/16 12/31/15 Cash Accounts receivable (net) Inventories $20,000 25,000 100,000 110,000 90,000 155,000 Total current assets Noncurrent assets Current liabilities Long-term liabilities Shareholders' equity 310,000 290,000 230,000 210,000 200,000 190,000 40.000 50,000 300,000 260,000 Net income Interest expense Income tax expense $40,000 10,000 20,000 22. The acid-test ratio for 2016 is: O 0.80