The following information on current assets and current liabilities is for Belkin Company. Cash Accounts receivable $1,240 3,404 Prepaid expenses Accounts payable Inventory 5,000 Other current liabilities a. Compute Belkin's acid-test ratio. $ 500 5,650 800 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? Complete this question by entering your answers in the tabs below. Required A Required B Compute Belkin's acid-test ratio. Numerator: Belkin's acid-test ratio Denominator: Acid-Test Ratio Acid-test ratio 0 to 1