A company has:

Cash	10,000.00		Accounts Payable	2,000.00
Inventory	15,000.00		Notes Payable	10,000.00
Accounts Receivable	20,000.00		Accruals	5,000.00
Total Current Assets	45,000.00		Total Current Liabilities	17,000.00
Plant & Equipment	10,000.00		Common Stock (100,000)	20,000.00
Total Assets	55,000.00		Retain Earnings	18,000.00
			Total Liability & Equity	55,000.00

What is the Quick Ratio?

Select one:

a. 1

b. 1.76

c. 2.65

d. 1.92