The following amounts were reported on the December 31, 2019, balance sheet: Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable Common stock Wages payable $ 8,000 20,000 15,000 120,000 30,000 80,000 180,000 22,000 40,000 5,000 The acid-test ratio at December 31, 2019 was