Question: From the following data for David ProElecticals, calculate the quick ratio. Cash $68,500 Accounts receivable 130,000 Inventories 213,000 Prepaid expenses 25,000 Total current assets $436,500

From the following data for David ProElecticals, calculate the quick ratio.

Cash $68,500

Accounts receivable 130,000

Inventories 213,000

Prepaid expenses 25,000

Total current assets $436,500

Less current liabilities 275,000

Working capital $161,500

Select one:

a.1.6

b.0.7

c.0.3

d.1.5

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