In the Current Economic Climate,banks Are Remaining Very Conservative in Their

Multiple Choice

In the current economic climate,banks are remaining very conservative in their lending practices.Peak Performance Sporting Goods is seeking a loan for expansion.As a loan officer for the local bank,you calculate the acid-test ratio for Peak Performance Sporting Goods.Using the information below,you determine Peak Performance's acid-test ratio = _____.

A) 1.0
B) 1.5
C) 2.5
D) 3.0