Using the balance sheet below, compute the company's Acid-Test Ratio: (8 01:35:28 Cash Accounts receivable Inventory Equipment Total assets $ 48,000 Current liabilities 63,000 Long-term liabilities 68,000 Common stock 153,000 Retained earnings $332,000 Total liabilities and equity $ 83,000 32,000 108,000 109,000 $332,000 1.34 0.35 0.53 0.65 216