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Question 24 Not yet answered Marked out of 1.00 P Flag question A.A Corporation Income Statement Balance Sheet Assets: Cash Accounts receivable Inventory Net fixed assets Total assets $250,000 Sales (all credit) 450,000 Cost of goods sold 500,000 Operating expense 2,100,000 Interest expense $3,300,000Income taxes Net income $8,000,000 (4,000,000) (2,900,000) (150,000) (380,000) $570,000 $100,000 Liabilities and owners' equity: Accounts payable Notes payable Long-term debt 450,000 1,050,000 1,700,000 Owners' Equity Total liabilities and owner's equity $3,300,000 Based on the information in the table, calculate the current and acid-test ratios are, respectively. Select one: 2.18 and 1.27. a. b.2.37 and 1.39. Oc. 2.18 and 1.39. O d. 2.37 and 1.27
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