Question: I need help finding the quick ratio. Please show steps. Thanks BALANCE SHEET (S in millions) ASSETS Cash & Marketable Securities Accounts Receivable Inventories Other

I need help finding the quick ratio. Please show steps. Thanks

BALANCE SHEET (S in millions) ASSETS Cash & Marketable Securities Accounts Receivable Inventories Other Current Assets LIABILITIES Accounts Payable Salaries Payable 1,611.20 225.20 1,118.80 2,955.20 449.90 954.80 3,645.20 116.60 5,166.50 Other Current Liabilities Total Current Liabilities Total Current Assets Other Liabilities 693.40 Machinery & Equipment Land Buildings Depreciatiorn Property, Plant & Equip. Net Other Long Term Assets 1,688.90 1,129.70 2,348.40 575.60 4,591.40 Total Liabilities 3,648.60 Common Stock 828.50 5,401.70 6,230.20 1200 Retained Eamings Total Long-Term Assets 4,712.30 Total Shareholder's Equity Total Assets ~ 9,878.80 Total Liabilities & Equity 9.878.80 Input Answers Below LIQUIDITY RATIOS Current Ratio (times) Quick Ratio (times) Average Payment Perind (dauel 5,166.50 2955.20-1.75

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