Question $15(5$ points$)$

$[$

Thyre Inc. has $$500$ in current liabilities and $$800$ in current assets. Its initial inventory level is $$100,$ and it plans to alter notes payable account $($balance$)$ and affect the level of inventory in the same amount and direction. Whatever policy or strategy to be followed regarding the new levels of notes payable and inventory, the resulting current ratio must be equal to $2\mathrm{.}0.$

What will be the firm's quick ratio after Thyre implements these policies? For your$)$ answer, round to the nearest $0\mathrm{.}01.$ Do not use the dollar $($$$)$ sign. Do not use comma to separate thousands.

Your Answer:

$$

Answer