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

Sheffield Industries has the following current assets and 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 O 2.01:1 1.36:1 1.10:1 0.50:1

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