Erastic Corporation has $20,000 in cash, $11,000 in marketable securities, $43,000 in account receivable, $52,000 in inventories, and $48,000 in current liabilities. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation's acid-test ratio is closest to:

A. 2.63
B. 1.54
C. 1.31
D. 0.90


Answer: B

Business

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