S 4-22 (Algo) Computing and interpreting acid-test ratio LO A1 The following information on current assets and current liabilities is for Belkin Company. Cash $ 1,280 Prepaid expenses $ 600 Accounts receivable 2,295 Accounts payable 5,700 Inventory 4,100 Other current liabilities 800 Compute Belkin's acid-test ratio. If its competitor, Logit, has an acid-test ratio of 1.2, which company is better able to pay for current liabilities with its quick assets