This is for managerial accounting class. Thank you so much for the help. Please show steps so I can follow along.

What is the acid test ratio for the current year of the company?

20) The following information relates to Tupac Unlimited for the past two years Current year Prior year Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory $237,250 $180,000 $115,000 $110 122.250 $32,00 $2,00 $24,00 $22,000 S25,000 $56,000 $2,00 $105,00 $150,00 $60,00 $22,00 $70,000 $30,00 $7,000 $18,000 $14,000 $31,000 $44,000 $1,00 $90,000 $175,000 $90,000 $78,000 Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities eo$00 $40.00 $133,000 $57000 Common stock, no par 2.500 shares, market value $96 per share Retained earnings S40,000 What is the acid-test ratio for the current year? A) 0.78 B) 0.75 C) 0.52 D) 2.30