Using the following year-end information for Bauman,LLC,calculate the current ratio and acid-test ratio: $\begin{array}{lr}
\text { Cash } & 48,000 \
\text { Short-term investments } & 12,000 \
\text { Accounts receivable } & 45,000 \
\text { Inventory } & 225,000 \
\text { Prepaid expenses } & 12,500 \
\text { Accounts payable } & 86,500 \
\text { Other current payables } & 22,000
\end{array}$
A)3.01 and 1.21
B)3.16 and .97
C)3.04 and 1.21
D)1.09 and 4.77
E)3.16 and 1.21

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The Answer of Using the following year-end information for Bauman,LLC,calculate the current ratio and acid-test ratio: $\begin{array}{lr}
\text { Cash } & 48,000 \
\text { Short-term investments } & 12,000 \
\text { Accounts receivable } & 45,000 \
\text { Inventory } & 225,000 \
\text { Prepaid expenses } & 12,500 \
\text { Accounts payable } & 86,500 \
\text { Other current payables } & 22,000
\end{array}$
A)3.01 and 1.21
B)3.16 and .97
C)3.04 and 1.21
D)1.09 and 4.77
E)3.16 and 1.21

Using the Following Year-End Information for Bauman,LLC,calculate the Current Ratio