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West Corporation reported the following financial statements: comparative balance sheet Assets 2025 2024 Current Asset: Cash and cash equiv. 2043 1636 Accts. Receive. 2165 1956

West Corporation reported the following financial statements:

comparative balance sheet

Assets 2025 2024
Current Asset:
Cash and cash equiv. 2043 1636
Accts. Receive. 2165 1956
Merchandise inven. 1328 1088
Prepaid expenses 1536 1834
Total current asset 7072 6514
Other asset 18941 15253
Total asset 26013 21767
Liabilities:
Current 7465 8715
Long term 4842 3000
Total liabilities 12306 11715
Stockholders Equity
Common stock 6906 4152
Retained earnings 6800 5900
Total stockholders 13706 10052
Total liabilities and stock holds 26013 21767

Income statement:

Net sales rev 28854
Cost of goods sold 8456
Gross profit 20398
Operating expense 6889
Operating income 13509
Interest expense 237
Income before tax 13272
Income tax expense 2584
Net income 10688

Which statement best describes Wests acid-test ratio for 2025?

answers: a)less than 1. b)greater than 1. C)equal to 1. D)none of the above

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