Using the Following Year-End Information for Calvin's Clothing,calculate the Current

Using the following year-end information for Calvin's Clothing,calculate the current ratio and acid-test ratio for the business:
$\begin{array}{lr}\text { Cash } & \$ 52,000 \\\text { Short-term investments } & 12,000 \\\text { Accounts receivable } & 54,000\\\text { Inventory } & 325,000 \\\text { Prepaid expenses } & 17,500 \\\text { Accounts payable } & 106,500 \\\text { Other current payables } & 25,000\end{array}$

A) 1.80 and 1
B) 1.97 and 1.52
C) 2.73 and 1.52
D) 3.50 and 0.90
E) 1.80 and 0.90