Question: I need the answer to A. Quick ratio Take me to the text Selected financial data from Crew Company is provided below. Cash $61,000 Accounts

I need the answer to A. Quick ratio

Take me to the text Selected financial data from Crew Company is provided below. Cash $61,000 Accounts Receivable $218,000 Inventory $256,000 Short-Term Investments $43,000 Land and Building $469,000 Current Portion of Long-Term Debt $31,000 Accounts Payable $124,000 a) Calculate the quick ratio. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Quick Ratio = 2.79 b) True or False? A quick ratio of 2.20 shows that the company is likely to meet its short-term cash obligations. True +

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