The balance sheet for Altoid Company is shown below.

ALTOID COMPANY
Balance Sheet
December 31, 2024
Assets:
Cash	$ 300
Short-term investments	950
Accounts receivable (net)	1,050
Inventory	1,200
Property, plant, and equipment (net)	1,180
Total assets	$ 4,680
Liabilities and shareholders' equity:
Current liabilities	$ 1,200
Long-term liabilities	1,350
Common stock	900
Retained earnings	1,230
Total liabilities and shareholders' equity	$ 4,680

Selected 2024 income statement information for Altoid Company includes:

Net Sales	$ 9,200
Operating expenses	8,640
Income before interest and tax	560
Interest expense	110
Income tax expense	135
Net income	$ 315

Required:

Compute Altoid Company's acid-test ratio for 2024.