Final answer:
Without Belkin's financial information, we cannot compute its acid-test ratio to compare with Logit's ratio of 1.2. Therefore, it is impossible to determine which company is better positioned to pay off current liabilities with its quick assets.
Step-by-step explanation:
To compute Belkin's acid-test ratio, we require specific financial information from Belkin's balance sheet. The acid-test ratio, also known as the quick ratio, is a measure that evaluates a company's ability to pay its current liabilities with its most liquid assets, without relying on the sale of its inventory. It is calculated using the following formula:
Acid-Test Ratio = (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities
Without Belkin's balance sheet data, we cannot compute its acid-test ratio. Therefore, we cannot compare Belkin's ratio to Logit, which has an acid-test ratio of 1.2, to determine which company is better able to pay off its current liabilities with quick assets.