quick ratio

Parsec Instruments 2020 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest pald Taxable income Less: Taxes Net Income $8,500 7170 410 920 74 846 296 $ 550 Cash Accounts rec. Inventory Sub-total Net fixed assets Total assets Parsec Instruments 2019 and 2020 Balance Sheets ($ in millions) 2019 2020 $ 120 $ 140 Accounts payable 930 780 Long-term debt 1,480 1,520 Common stock $2,530 $2,440 Retained earnings 3,190 3,640 $5,720 $6,080 Total llab. & equity 2019 $1,120 890 $3,190 520 20020 $1,140 1.181 $2.990 769 $5,720 $6,080 What is the quick ratio for 2020? Saved Galaxy United, Inc. 2009 Income Statement ($ in thousands) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net Income $5.760 4,070 430 1,260 29 1,231 431 $ 800 Cash Accounts rec Inventory Total Net fixed assets Total assets Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in thousands) 2008 2009 $ 65 $ 170 Accounts payable 990 840 Long-term debt 1.510 1,960 Common stock $2.565 $2.970 Retained earnings 3.520 3,310 $6,085 $6,280 Total liab. & equity 2008 $1,340 720 $3,095 930 2009 $1.210 520 $3,320 1.230 $6,085 $6,280 What is the debt-equity ratio for 2009