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Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: Cash $41,360 Short-term investments 9,400 Accounts receivable 41,000 Inventory 242,000

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

Cash $41,360
Short-term investments 9,400
Accounts receivable 41,000
Inventory 242,000
Prepaid expenses 16,240
Accounts payable 88,600
Other current payables 22,900

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