uiz 0 LOGIC COMPANY Comparative Balance Sheet December 31, 2017 and 2018 2018 2017 $12,800 $ 9,899 17,399 13,300 9,399 14,800 24,890 10,888 $64,200 $48,700 Assets Current assets: Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total current liabilities Long-term liabilities: Mortgage note payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $15,300 $11, 890 14,300 9,890 $29, 699 $21,600 $93,889 $78,300 $13,800 $ 7,800 7,899 5,800 $21,689 $13, 600 22,700 21,490 $44, 390 $35, 090 $21,899 $21,899 27,708 13,500 $49,589 535,300 $93,800 $70,300 Calculate the acid test ratio. (Round your answers to the nearest hundredth) 2018 2017 Acid test ratio