A. 1.24

B. .42

C. .67

D. 1.32

E. .79

Use the below information to answer the following question. Income Statement Net sales COGS Depreciation EBIT Interest Taxable income Taxes Net Income For the Year $631,000 442,220 28,100 $160,700 14,900 $145,800 49,600 $96,200 Cash Accounts receivable Inventory Net fixed assets Total assets Accounts payable Long-term debt Common stock ($1 par value) Retained earnings Total Liab. & Equity Balance Sheet Beginning of Year $ 38,200 91,400 203,900 516,100 $849,600 $136,100 329,500 75,000 309,000 $849,600 End of Year $ 43,700 86,150 214,600 537,950 $882,400 $104,300 298,200 82,000 397,900 $882,400 What is the quick ratio at the end of the year