Question: Data from Fontecchio Corporation's most recent balance sheet appear below: Cash $ 29,000 Marketable securities $ 32,000 Accounts receivable $73,400 Inventory $70,000 Prepaid expenses $24,000

Data from Fontecchio Corporation's most recent balance sheet appear below:

Cash $ 29,000

Marketable securities $ 32,000

Accounts receivable $73,400

Inventory $70,000

Prepaid expenses $24,000

Current Liabilities $ 192,000

The corporations acid test ratio is closest to

0.17

0.32

0.53

0.70

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