1 pts Question 15 Use the following information to calculate this firm's quick ratio as of the end of 2016: Income Statement For the Year 2016 631,000 Net Sales 442,220 $ COGS Depreciation Expense 28,100 160,700 EBIT Interest Expense 14,900 EBT 145,800 Tax Expense 49,600 Net Income Balance Sheet Beginning of 2016 End of 2016 38,200 $ 43,700 91,400, $ 86,150 Cash Accounts Receivable 203,900 214,600 516,100 S 537.950 ,600 $ 882,400 Inventor Net Fixed Assets Total Assets Accounts Payable Long-term Debt 136,100 $ 104,300 329,500 $ 298,200 75,000 $ 82,000 Common Stock Accumulated Retained Earnings Total Liabilities and Equity S 309,000 $ 397.900 849,600 882,400 Note: Report your answer as a number rounded to two decimal points 1.24