12 Months Ended Sep. 28, 2019 $ 200,174 161.782 The income statement and balance sheet for Apple is found below. Based on these statements, what was the quick ratio at the end of 2020? CONSOLIDATED STATEMENTS OF OPERATIONS-USD (5) 5 in Millions Net sales Cost of sales Assets CONSOLIDATED BALANCE SHEETS USD (5) 5 in Millions Sep. 28, 2019 Sep. 29, 2018 Current assets: Cash and cash equivalents $ 48,844 $ 25,913 Gross margin 98,392 Marketable securities 51.713 40,388 Accounts receivable, net 22.926 23,186 Operating expenses Inventories 4,106 3,956 Research and development 16,217 Vendor non-trade receivables 22,878 25,809 Selling, general and administrative 18,245 Other current assets 12,352 12,067 Total operating expenses 34,462 Total current assets 162,819 Operating income 63,930 Other income/(expense), net 1807 Non-current assets: Income before provision for income taxes 65.737 Marketable securities 105,341 170.799 Provision for income taxes 10,481 Property, plant and equipment, net 27.376 41,304 Net income $ 35.256 Other non-current assets 12.976 22,283 Total non-current assets 175.697 234388 Total assets 338.316 365,725 Extra Detail Interest expense oe NO (1576) Current liabilities Accounts payable Other current abilities Deferred revenue Commercial paper Liabilities and Shareholder Equity 46,236 51.348 17.720 31.327 3.332 5.966 3.380 11.564 30.260 6794 305.738 115.529 Term debt Total current abilities Non current liabilities Term debt Other non current labies Tatal non-current abilities Total 31.407 MA 54,793 Z 248028 SAL 238.578 14 9:44 PM 2/13/2023