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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: $ 11 Cash Short-term investments Accounts receivable

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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: $ 11 Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables 52,390 9,000 48,000 170,000 7,420 103,000 30,400 Multiple Choice 0.47 and 122 115 and 100 1 Next > Multiple Choice 0.47 and 122 1.15 and 1.00 2.15 and 0.82 2.62 and 122 115 and 0.82

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