What is the acid-test ratio for a merchant with the following account balances? (Round your answer to two decimal places.)
A) 0.76
B) 0.43
C) 0.60
D) 0.83
B) 0.43
Explanation: Acid-test ratio = ($21,000 + $44,000 + $54,000) / $275,000 = 0.43
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