Question: Take me to the text Selected financial data from Lead Company is provided below. Cash Accounts Receivable Inventory Short-Term Investments Land and Building $62,000

Take me to the text Selected financial data from Lead Company is provided below. Cash Accounts Receivable Inventory Short-Term Investments Land and Building $62,000 $226,000 $263,000 $47,000 $487,000 Current Portion of Long-Term Debt $33,000 Accounts Payable a) Calculate the quick ratio. $119,000 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Quick Ratio = b) True or False? A quick ratio of 2.16 shows that the company is likely to meet its short-term cash obligations. True

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