The following balance sheet information is provided for Greene Company for Year 2:

Assets
Cash	$	4,200
Accounts receivable		10,350
Inventory		14,100
Prepaid expenses		900
Plant and equipment, net of depreciation		18,800
Land		12,700
Total assets	$	61,050
Liabilities and stockholders' equity
Accounts payable	$	2,370
Salaries payable		8,930
Bonds payable (due in ten years)		8,500
Common stock, no par		20,000
Retained earnings		21,250
Total liabilities and stockholders' equity	$	61,050

What is the company's quick (acid-test) ratio?

Answer rating: 100% (QA)

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