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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 $70,200 12,800 49,500 242,000 18,000 100,500 28,000 Multiple Choice O 3.05 and 0.33 . 3.05 and 1.03. 2.91 and 97. 117 and 3.91. 97 and 3.05

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