Use the Following Information for Questions 64 Through 69

Multiple Choice

Use the following information for questions 64 through 69.
The following data are provided: Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-At December 31, 2015, the acid-test ratio was

A) 1,550 ÷ 650.
B) 1,550 ÷ 1,080.
C) 2,100 ÷ 800.
D) 2,850 ÷ 650.