A company has $54,000 in cash, $22,000 in accounts receivable, $33,000 in temporary investments and $134,000 in merchandise inventory. The company has $56,000 in current liabilities. The company's acid test (quick) ratio is: (Round your answer two decimal places, X.XX%.)
A) 1.36.
B) 0.51.
C) 4.34.
D) 1.95.

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The Answer of A company has $54,000 in cash, $22,000 in accounts receivable, $33,000 in temporary investments and $134,000 in merchandise inventory. The company has $56,000 in current liabilities. The company's acid test (quick) ratio is: (Round your answer two decimal places, X.XX%.)
A) 1.36.
B) 0.51.
C) 4.34.
D) 1.95.

A Company Has $54,000 in Cash, $22,000 in Accounts Receivable