S 17-9 (Static) Computing current ratio and acid-test ratio LO P3 Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 15,000 5,000 8,000 20,000 6,000 20,000 Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Compute the current ratio. Current Ratio Numerator: / Denominator: Current Ratio = Current ratio to 11 Current Ratio Acid Test Ratio Compute the acid-test ratio. Acid-Test Ratio Numerator: Denominator: Acid-Test Ratio = Acid-test ratio to 1