Use the following information for the question$($s$)$ below.

Eugene Enterprise Ltd$.$ revealed the following information for the years ended December $31,2019$ and $2020$:

$2020$

$2019$

Current Assets

Cash

Accounts Receivable

Inventory

Prepaid expenses

Total Current Assets

Current Liabilities

Net Credit Sales

$

$25,000$

$247,500$

$1,950,000$

$4,000$

$$2,226,500$

$$1,400,000$

$$2,400,000$

Eugene Enterprise's credit terms are net $30$ days.

Reference: Ref $6-3$

Eugene Enterprise's quick ratio for $2020$ is

$ $26,250$

$299,000$

$1,725,000$

$4,000$

$$2,054,250$

$$1,225,000$

$$2,255,000$