Ben Company Has the Following Data for the Year Just

Ben Company has the following data for the year just ended: $\begin{array} { l r } \text { Cash } & \$ 42,000 \\\text { Accounts Receivable } & \$ 28,000 \\\text { Inventory } & \$ 35,000 \\\text { Current Ratio } & 2.4 \text { to } 1 \\\text { Acid-Test Ratio } & 1.6 \text { to } 1\end{array}$

What were Ben Company's current liabilities?

A) $35,000.
B) $43,750.
C) $50,400.
D) $63,000.

Correct Answer:

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