Presented below are the ending balances for Strata Corp at December 31, Year 1.

Additional Information:

1. The note receivable is due December 31, Year 3. Interest is due annually.
2. The note payable and related interest is due June 30, Year 3.
3. Deferred revenue will be recognized during the next year.
4. Management intends to put the building up for sale in December Year 2, and estimates it will take 90 days to sell.

Required: What is the Quick ratio at December 31, Year 1 (rounded to the third decimal)?

		0.988
		0.433
		None of the above
		1.308
		0.933