Use the information below to compute the acid test ratio. (The same company and numbers are used for questions 19 -22) SHARKEY CORPORATION Selected Financial Data As of December 31 .2007....2006 Cash Marketable securities Accountsreceivable Inventory Net property, plant, and equipment Accounts payable Short-term notes payable Credit sales Cost of goods sold $8,000 60,000 32,000 8,000 0,000 110,000 80,000 140,000 60,000 100,000 600,000 900,000 240,000 280,000 0,000 50,000 1,260,000 1,403,000 0.63 0.70 O 0.89 O 0.99