(Answered) Question presented below is information related to oriole

Accounting

Question: Presented below is information related to Oriole Company.

Current Assets

Cash $ 12,000

Short-term investments 74,000

Accounts receivable 61,000

Inventories 109,000

Prepaid expenses30,000

Total current assets $286000

Total current liabilities are $105000.

What is the acid-test ratio?

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