The Seabury Corporation Has a Current Ratio of 4

Multiple Choice

The Seabury Corporation has a current ratio of 4.2 and an acid-test ratio of 3.9. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $18,000. Seabury Corporation's current liabilities must be: (Round your intermediate calculations to 1 decimal place.)

A) $18,000
B) $234,000
C) $60,000
D) $5,400