Question: Answer please as soon as possible urrent Attempt in Progress Kingbird Shoes Ltd. has provided you with the following selected information from 2020 and 2021

Answer please as soon as possible

Answer please as soon as possible urrent Attempt in Progress Kingbird Shoes

urrent Attempt in Progress Kingbird Shoes Ltd. has provided you with the following selected information from 2020 and 2021 2021 2020 Cash $15400 $10400 Accounts receivable 18400 22400 Short-term investments 30500 59700 Inventory 29000 38500 Total current assets 93300 131000 Total current liabilities 160750 185000 Which of the following best interprets Kingbird Shoe's acid-test ratio analysis? O Acid-test ratio has weakened compared to prior year, decreasing from 0.5 to 0.4. O Acid-test ratio has improved compared to prior year, increasing from 0.4 to 0.5. O Acid-test ratio has improved compared to prior year, increasing from 0.6 to 0.7. O Acid-test ratio has weakened compared to prior year, decreasing from 0.7 to 0.6. Save for Later Assignment sent to Gradebook e, Jul 7, 2020, 6:49:33 PM (A

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