Question: QS 4-8 Computing and interpreting acid-test ratio L.O. A1 Cash $ 1,200 Prepaid expenses $ 600 Accounts receivable 2,700 Accounts payable 4,750 Inventory 5,000 Other

QS 4-8 Computing and interpreting acid-test ratio L.O. A1

Cash $ 1,200 Prepaid expenses $ 600
Accounts receivable 2,700 Accounts payable 4,750
Inventory 5,000 Other current liabilities 950

Using the above information on current assets and current liabilities compute the acid-test ratio. (Round your answer to 2 decimal places.)
Acid-test ratio

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