Using the following year-end information for Breanna Boutique, calculate the current ratio and acid-test ratio for the boutique:

Cash	$ 51,680
Short-term investments	8,000
Accounts receivable	46,000
Inventory	150,000
Prepaid expenses	8,520
Accounts payable	102,000
Other current payables	30,100

	1.0 and 1
	.50 and 1.25
	2.50 and 1.25
	2.00 and 0.80
	None of the choices are correct