At year-end, Schultz Inc. has cash of $11,600, current accounts receivable of $48,900, merchandise inventory of $37,900, and prepaid expenses totaling $5,100. Liabilities of $55,900 must be paid next year. What is Schultz's acid-test ratio?
A. 1.08
B. 0.21
C. 1.76
D. Cannot be determined from data given
Answer: A. 1.08
Business
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