Mock Corp. reported the following comparative balance sheets for the years-ended December 31 , 2020 and 2019 ("2020" and "2019", respectively); and the income statement for 2020 : (Please round off your answer to two decimal places where applicable.) Non-current Liabilities \begin{tabular}{crr} Bonds payable & 3,000,000 & 3,000,000 \\ \hline Total Liabilities & 3,162,000 & 3,180,000 \end{tabular} Equity \begin{tabular}{lrr} Common Shares & 2,400,000 & 2,500,000 \\ Retained Earnings & 32,250 & 47,250 \\ \hline Total Equity & 2,432,250 & 2,547,250 \\ \hline Total Liabilities and Equity & 5,594,250 & 5,727,250 \\ \hline \end{tabular} Income Statement \begin{tabular}{lc} Sales Revenue & 2020 \\ Cost of Goods Sold & 2,000,000 \\ \hline Gross profit & (1,000,000) \\ \hline \end{tabular} Operating expenses (150.000) Depreciation expense (400,000) Loss on sale of building (200,000) Interest Expense (200,000) Income Before Tax 50,000 Income Tax Expense ( 30%) (15,000) Additional Information - Mock Corp. repurchased common shares in 2020 by paying $100,000 cash. - All interest expenses are related to the bonds payables. - Building costing $1,000,000 was disposed of during the year. No additional building was purchased. - Mock Corp. dedared and paid dividends to its shareholders in 2020. - Mock Corp. treats all dividend income and payments as financing activities. The quick ratio for 2020 was: a. 14.78 b. 6.38v C. 2.93 d. Cannot be calculated based on the given information e. 9,60