Question: Take me to the text Selected financial data from Lead Company is provided below: Cash $66,000 Accounts Receivable $219,000 Inventory $253,000 Short-Term Investments $31,000 Land

Take me to the text Selected financial data from Lead Company is provided below: Cash $66,000 Accounts Receivable $219,000 Inventory $253,000 Short-Term Investments $31,000 Land and Building $532,000 Current Portion of Long-Term Debt $27,000 Accounts Payable $114,000 a) Calculate the quick ratio. 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 2.22 shows that the company is likely to meet its short-term cash obligations. Check
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