-Refer to the Following Selected Financial Information from Dodge Company

$$\begin{array} { | l | r | } \hline \text { Cash } & \$ 42,250 \\\hline \text { Short-term investments } & 60,000 \\\hline \text { Accounts receivable, net } & 79,500 \\\hline \text { Merchandise inventory } & 115,00 \\\hline \text { Prepaid expenses } & 9,700 \\\hline \text { Accounts payable } & 111,400 \\\hline\end{array}$$
-Refer to the following selected financial information from Dodge Company.Compute the company's acid-test ratio.

A) 2.75.
B) 2.66.
C) 0.92.
D) 1.12.
E) 1.63.

Correct Answer:

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