A Company Has the Following Account Balances A) 91
B)

Multiple Choice

A company has the following account balances.What is the acid-test ratio? (Please round to two decimal places.) $\begin{array}{|l|r|}\hline\text { Cash } & \$ 60,000 \\\hline \text { Short-terminvestments } & 75,000 \\\hline \text { Net current receivables } & 140,000 \\\hline \text { Inventory } & 145,000 \\\hline \text { Total current liabilities } & 395,000 \\\hline\end{array}$

A) .91
B) .94
C) 1.06
D) .70