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 $ 53,960 11,000 52,000 210,000 6,240 105,000 31,000 Multiple Choice 1.45 and 100 0.41 and 116 285 and 116 O 1.45 and 1.00 O 0.41 and 1.16 O 2.85 and 1.16 O 2.45 and 0.86 1.45 and 0.86