A company's current assets are $23,420,its quick assets are $13,890 and its current liabilities are $12,220.Its acid-test ratio equals:

A) 0.88.
B) 1.91.
C) 1.14.
D) 0.52.
E) 1.41.

Acid-Test Ratio

A financial metric that assesses a company's ability to pay off its short-term liabilities with its most liquid assets, excluding inventories.

Quick Assets

Assets that can be quickly converted into cash without significantly affecting their value, including cash, marketable securities, and accounts receivable.

Current Assets

Valuables intended to be converted to cash, liquidated, or expended over the course of one year or the operational cycle, whichever timeframe is more extended.