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$3,000,000 500,000 500,000 100,000 400,000 60,000 S 240,000 5000 Accounts payable S100000 Sales Costs Operating profit Interest Expense Earnings before taxes Taxes (40%) Eamings after

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$3,000,000 500,000 500,000 100,000 400,000 60,000 S 240,000 5000 Accounts payable S100000 Sales Costs Operating profit Interest Expense Earnings before taxes Taxes (40%) Eamings after taxes Cash Marketable Securities $40,000 Accounts Receivable $60,000 Long term debt Inventory S 400,000 S95,000 Stockholder's Equity 500,000 Net Plant and Equipment $800,000| Total Assets $1,000,000 Total Liabilities and Equity $1,000,000 18. What is the company's quick ratio? A. 1.05 B. 1.50 C 1.65 D. 1.95 E. 2.0

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