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Sheffield Industries has the following current assets and current liabilities on the company's balance sheet: Cash $17000: Accounts Receivable $5000 Inventory $53000 Prepaid Rent $3200:

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Sheffield Industries has the following current assets and current liabilities on the company's balance sheet: Cash $17000: Accounts Receivable $5000 Inventory $53000 Prepaid Rent $3200: Accounts Payable $15000: Long Term Notes Payable $19000; and Unearned Revenue $5000, The company's acid-test ratio would be 1.36:1 0.50:1 1.10:1 2.01:1

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