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Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: 4. Cash Short-term investments Accounts receivable Inventory

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Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: 4. Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 52,390 9,800 48,000 170,000 7,420 103,000 30,400 Multiple Choice 115 and 0.82 115 and 122 2.15 and 0.82 252 and 122 47 and 122

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