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The following information on current assets and current liabilities is for Belkin Company. Cash Accounts receivable Inventory $ 1,490 Prepaid expenses 2,800 Accounts payable

The following information on current assets and current liabilities is for Belkin Company. Cash Accounts receivable Inventory $ 1,490 Prepaid expenses 2,800 Accounts payable 6,000 Other current liabilities $ 700 5,750 850 a. Compute Belkin's acid-test ratio. b. If its competitor, Logit, has an acid-test ratio of 1.2, which company is better able to pay for current liabilities with its quick assets?

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