A Company Has the Following Accounts A)450%
B)2

A company has the following accounts.What is the acid test ratio?
$\begin{array}{c}\begin{array}{lr}\text { Cash } & \$ 10,000 \\\text { Accounts receivable } & 20,500 \\\text { Office supplies } & 2,625 \\\text { Land } & 37,153 \\\text { Office equipment } & 14,535 \\\text { Accounts payable } & 18,352 \\\text { Common stock } & 54,490\end{array}\begin{array}{lr}\text { Wages Payable } & \$ 2,000 \\\text { Consulting fees } & 13,718 \\\text { earned } & \\ \text { Rent expense } & 3,673 \\\text { Salaries expense } & 6,642 \\\text { Telephone expense } &560 \\\text { Miscellaneous } & 280 \\\text { expense } & \end{array}\end{array}$

A) 4.50%
B) 2.30%
C) 1.75%
D) 4.00%
E) 1.50%