Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 54,820 12,000 54,000 230,000 6,160 106,000 31,300 Multiple Choice 0 160 and 100 U 0.38 and 1.14 C) 2.95 and 154 0 2.50 and 0.88