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You are preparing financial analysis for MARENA company. You are given the following selected information: 2020 12019 Cash $50,500 $42.000 Short-term Investments 26.000 14.500 Net

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You are preparing financial analysis for MARENA company. You are given the following selected information: 2020 12019 Cash $50,500 $42.000 Short-term Investments 26.000 14.500 Net Accounts Receivable 52.000 48.000 131,000 51.000 Merchandise Inventory Prepaid Insurance 9.000 12,500 Total Assets 532000 548.000 Accounts Payable 124.000 117.500 Salaries Payable 16.000 16.000 Long-term Note Payable 57 000 57.000 Sales Tax Payable 8.500 9.500 Calculate the acid-test ratio for 2019. Round your answer To two decimal places) Select one: a 0.8 6.0.87

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