The following information on current assets and current liabilities is for Belkin Company.Cash$ $1,490$Prepaid expenses$ $700$Accounts receivable$2,800$Accounts payable$5,750$Inventory$6,000$Other current liabilities$850*$ aCompute Belkin's acid$-$test ratio.$*$ If its competitor, Logit, has an acid$-$test ratio of $1\mathrm{.}2,$ 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 BCompute Belkin's acid$-$test ratio.Belkin's acid$-$test ratioNumerator:Denominator:$=$Acid$-$Test Ratio$/=$Acid$-$test ratio$/=$to $1*$ Required A$*$ Required B