15.Blast sells portable CD players, and each unit carries a one-year replacement warranty. The cost of repair defects under the warranty is estimated at 10% of the sales price. During May, Blast sells 650 portable CD players for $50 each. For what amount in May would Blast debit Product Warranty Expense?

16.Young Company has the following assets and liabilities:

Assets
Cash	$35,000
Accounts receivable	15,000
Inventory	30,000
Equipment	50,000
Liabilities
Current portion of long-term debt	$10,000
Accounts payable	2,000
Long-term debt	25,000

Determine the quick ratio (rounded to one decimal point).