Question: please give correct Answer JT Engineering's current asset information is shown here. If JT's current liabilities are $300,000, what is JT's current ratio and what

please give correct Answer JT Engineering's current asset information is shown

please give correct Answer

JT Engineering's current asset information is shown here. If JT's current liabilities are $300,000, what is JT's current ratio and what is its acid-test ratio? Round each ratio to the nearest hundredth. Current Assets Cash Short-term investments Accounts receivable Inventory Prepaid expenses Total current assets $ 9.000 89.000 76.000 130.000 40.000 $344,000 The current ratio is 1.15 times and the acid-test ratio is 0.58 times. The current ratio is 0.58 times and the acid-test ratio is 1.01 times. The current ratio is 0.58 times and the acid-test ratio is 1.15 times. The current ratio is 1.65 times and the acid-test ratio is 0.71 times

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