Using the following year$-$end information for WorkFit calculate the acid$-$test ratio:

Cash $ $54,430$

Short$-$term investments $11,500$

Accounts receivable $($all current$)53,000$

Inventory $220,000$

Supplies $9,660$

Accounts payable $105,500$

Wages payable $31,200$

Multiple Choice

$0\mathrm{.}37$

$0\mathrm{.}46$

$0\mathrm{.}57$

$0\mathrm{.}78$

$0\mathrm{.}87$