Refer to the following selected financial information from Dodge Company. 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. 0.92.
B. 2.66.
C. 1.12.
D. 1.63.
E. 2.75.
Answer: D
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