Using the Following Balance Sheet Information,find the Firm's Acid-Test Ratio

Multiple Choice

Using the following balance sheet information,find the firm's acid-test ratio.
$\begin{array}{|l|r|}\hline \text { Cash and marketable securities } & \$ 20 \text { million } \\\hline \text { Accounts receivable } & \$ 10 \text { million } \\\hline \text { Inventory } & \$ 30 \text { million } \\\hline \text { Current liabilities } & \$ 30 \text { million } \\\hline\end{array}$

A) 0.60
B) 1.00
C) 1.40
D) 2.00