Annie's Attic reported the following information for September 30. 
Instructions:
(1)Explain the purpose of the acid-test ratio.
(2)Calculate the acid-test ratio to two decimals.
(3)What does the acid-test ratio reveal about Annie's Attic?
Definitions:
Product Usage
Product usage concerns how consumers interact with and utilize a product, including frequency, purpose, and manner of use.
Contest
A competition where individuals or groups compete for a prize or recognition.
Doritos
a brand of flavored tortilla chips produced by Frito-Lay, a division of PepsiCo.
Contest
A competitive event or situation in which participants strive to win based on skill, ability, or a set of predetermined rules.
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