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 52,000 12,000 54,000 325,000 17,500 106,500 25,000 a) 1.97 and 1.52 b) 3.50 and 0.90 2.73 and 1.52 1.80 and 0.90 1.80 and 1 Bo brak e