Use the following for questions 8-9:

Accounts receivable 200,000

Accounts payable 80,000

Bonds payable, due in 10 years 300,000

Cash 100,000

Interest payable, due in three months 10,000

Inventory 440,000

Land 250,000

Notes payable, due in six months 50,000

8. Current ratio is

a. 6.31

b. 4.51

c. 5.29

d. 4.40

9.Acid-test ratio is

a. 3.19

b. 2.14

c. 2.50

c. 2.20