20. Smith Corporation has ratio of 2.6. What is Smith's acid test (quick) ratio ds current assets of $11,400, inventories of $4,000, and a current of a. 1.69 b. .54 c. .74 d. 1.35 e. 1.44 21. Champion Company has sales of $20 million, total debt of $1.5 million, and a debt ratio of 40%, what is Champion's total asset turnover? a. 13.33 c. 6.55 d. 5.33