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Stormer Company reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The current assets consisted of $62,400 Cash:

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Stormer Company reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The current assets consisted of $62,400 Cash: $43,600 Accounts Receivable, and $85,000 of Inventory. Stormer's acid-test (quick) ratio is: Multiple Choice 063:1 0.78:1 14:1 O 1:1 o 0.56:1

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