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The 2020 and 2021 partial balance sheets for Sunland Industries is shown below: 2020 2021 Current assets $ 35000 $ 33890 39000 43000 44000 42000
The 2020 and 2021 partial balance sheets for Sunland Industries is shown below: 2020 2021 Current assets $ 35000 $ 33890 39000 43000 44000 42000 Cash and cash equivalents Accounts receivable, net Inventory Marketable equity securities Total current assets Plant & equipment, net 6900 6900 124900 125790 73100 50210 Total assets $198000 $176000 Current liabilities $39000 79000 $49000 59000 118000 108000 Noncurrent liabilities Total liabilities Total stockholders' equity Total liabilities and stockholders' equity 80000 68000 $198000 $176000 Calculate the 2021 acid-test ratio. 1.57 1.63 2.57 1.71
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