A Firm Submits Their Financial Records to a Bank

A firm submits their financial records to a bank.Upon examination,the bank discovers that this firm has $500 in cash,$2,500 in accounts receivables,$1,000 in inventory,$5,000 in plant and equipment and that their assets totaled $9,000.In addition this bank discovered that the firm had $2,000 in current liabilities,$2,500 in long-term debt,and $4,500 in net worth.Finally this bank discovered that this firm had $20,000 in net sales and $2,000 in net income.What is this firm's acid test ratio?

A) 1.00 ×
B) 2.00 ×
C) 0.33 ×
D) 3.00 ×
E) 1.50 ×