Cash $1,200 Prepaid expenses $600
Accounts receivable 2,700 Accounts payable 4,750
Inventory 5,000 Other current liabilities 950

Using the above information on current assets and current liabilities compute the acid-test ratio. (Round your answer to 2 decimal places.)

Acid Test Ratio = (Current Assets - Inventory - Prepaid Expenses) / Current Liabilities