W2 Online X + signment/ tessignment Main, doinvokerStakeAssignmentSessionLocatorinprogress-false Sashboard ebook Calculator Print Item Quick Ratio The current assets and current liabilities for Violet Inc. and Magenta, Inc., are as follows at the end of a recent fiscal period Violet Inc. Magenta, Inc. (in millions) (in millions) Current assets Cash and cash equivalents $5,988 $22,705 3,867 0 Short-term investments Accounts receivable 2,6 16,44 Inventories 249 1,566 Other current at 1,372 6,655 Total current sets $14.095 $47,367 Current les Accounts payable Accrued and the current 4.722 $10,042 4,180 58.910 6.970 $17.020 Total currentes These representored on and other nonquid current et a. Din the ratio for both courround you to one decimal place MacBook Air 90 $ 4. % 5 & 7 00* 6 9 0 Il R T Y U engagNW2 Online tax makasimentimentando insignmentSessionLocatori progressise Dashboard Inventories 1.566 Other current assets 6,655 Total current as 1,372 $14,095 547.367 . Current liabilities Accounts payable Accrued and other current liabilities Total currenties $4,722 $10,042 6,978 58,910 $17,020 These represent prepaid pese and other nonduick current assets a. Determine the Quick ratio for both companies. It required, round your answers to one decimal place Quick Ratio Wole Inc Magenta, Inc wch comany has a stronger relatives and short-term investment position My on Prus Next > MacBook Air PII A * $ 4 % 5 & 7 6 8 9 0 Il + E R T . Y U 1 O P D F G H L