Using the following year-end information for WorkFit, calculate the acid-test ratio: Cash $ 52,390 9,000 48,000 170,000 7,420 103,000 30,400 Short-term investments Accounts receivable Inventory Supplies Accounts payable Wages payable A) 0.77 B) 0.51 C) 0.39 D) 0.82 E) 0.43 23

Using the following year-end information for WorkFit, calculate the acid-test ratio: Cash Short-term investments Accounts receivable Inventory Supplies Accounts payable $52,390 9,000 48,000 170,000 7,420 103,000 30,400 Wages payable A) 0.77 B) 0.51 C) 0.39 D) 0.82 E) 0.43