The following data are from the Gold Company's August 31, 2013, balance sheet: Accounts payable $280,000 Accounts receivable $390,000 Allowance for Cash 48,000 uncollectible accounts 36,000 Merchandise inventory 800,000 Bonds payable 200,000 Prepaid expenses 30,000 Notes receivable (due 9/30/13) 50,000 The acid-test ratio is:

A. 1.4:1

B. 1.6:1

C. 4.6:1

D. .94:1