Selected financial statement data for Meyer Company are presented below. 
Instructions
Compute the following ratios at December 31, 2014:
(a) Current.
(b) Acid-test.
Definitions:
Buffer
A solution or compound that stabilizes the pH of a solution by adding or removing hydrogen ions.
Acidic
Characterized by a low pH, indicating a higher concentration of hydrogen ions, often associated with substances like lemon juice or vinegar.
Basic
Characteristic of substances with a pH greater than 7, often capable of neutralizing acids to form water and salts.
ATP
Adenosine triphosphate, a molecule that stores and transfers energy within cells, enabling various cellular functions.
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