Stimac Corporation has total cash of $300,000, no marketable securities, total current receivables of $371,000, total inventory of $187,000, total prepaid expenses of $71,000, total current assets of $929,000, total current liabilities of $315,000, total stockholders' equity of $2,814,000, total assets of $4,115,000, and total liabilities of $1,301,000. The company's acid-test (quick) ratio is closest to:
A) 2.36
B) 1.92
C) 2.95
D) 2.13
Correct Answer:
Verified
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