Erack Company Has $15,000 in Cash,$4,000 in Marketablesecurities,$38,000 in Current

Multiple Choice

Erack Company has $15,000 in cash,$4,000 in marketablesecurities,$38,000 in current receivables,$18,000 in inventories,and $40,000 in current liabilities.The company's acid-test (quick) ratio is closest to which of the following?

A) 0.95 to 1.
B) 1.33 to 1.
C) 1.43 to 1.
D) 1.88 to 1.