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Exercise 17-3 Quick ratiocalculation and analysis L04 Part of your job is to review customer requests for credit. You have three new credit applications on your desk and part of your analysis requires that the current ratios and quick ratios be compared. a. Complete the following schedule (round to two decimal places). 2 Account Cash Current non-strategic investments. Current receivables Inventory Prepaid expenses Land Current liabilities Current ratio Quick ratio $2.520 $ 0 $2.800 $ 480 $ 280 $4,200 $3,080 $1,400 $ 0 $1,386 $1,400 $ 840 $5,600 $1,540 $ 1,540 $ 700 $ 280 $ 6.440 $ 1.260 $23.800 $ 5,110 b. Based only on the information provided, which applications will you approveot approve and why? le 0C o 1 C