Jones Corporation reported current assets of $189,000 and current liabilities of $134,000 on its most recent balance sheet. The current assets consisted of $62,800 Cash; $44,200 Accounts Receivable; and $82,000 of Inventory. The acid-test (quick) ratio is:

Multiple Choice

1.4 : 1.


0.80 : 1.


0.57 : 1.


1 : 1.


0.61 : 1.