Question: With this partial Balance Sheet data, find the Quick Ratio; Cash = $280 Accounts payable = $1,570 Accruals = $230 Notes Payable = $200 Accounts

With this partial Balance Sheet data, find the Quick Ratio; Cash = $280 Accounts payable = $1,570 Accruals = $230 Notes Payable = $200 Accounts receivables = $1,100 Long-term debt = $1,150 Inventory = $1,960

Select one:

a. 0.69

b. 0.75

c. 1.67

d. 0.79

e. 0.50

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