Refer to the following selected financial information from WorkFit Corporation. Compute the company's acid-test ratio. Cash$42,250 Short-term investments 60,000 Accounts receivable, net 79,500 Merchandise inventory 115,000 Prepaid expenses 9,700 Accounts payable 111,400
A. 2.66.
B. 1.12.
C. 1.63.
D. 0.92.
E. 2.75.
Answer: C
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