Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio:

Cash	$50,210
Short-term investments	10,600
Accounts receivable	44,000
Inventory	248,000
Prepaid expenses	12,190
Accounts payable	92,800
Other current payables	24,700

Multiple Choice

• 3.11 and 0.32.

• 3.11 and 0.89.

• 3.00 and 1.12.

• 1.00 and 3.93.

• 1.12 and 3.11.