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Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable

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Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $59,920 11,800 47,000 237,000 24,280 97,000 26,500 Multiple Choice 3.08 and 0.33. 3.08 and 0.96. 2.88 and 1.04. 1.16 and 3.92. 1.04 and 3.08

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