A companys assets consist of $200,000 of cash, $400,000 of accounts receivable, $600,000 of inventory, and $1,500,000 of plant and equipment. Its liabilities consist of $100,000 of accounts payable, $150,000 of accruals, and $800,000 of long-term debt. The companys annual sales are $5,000,000, its earnings before interest and taxes are $700,000, and its net income is $300,000. What is the companys quick ratio? Question 4 options:

A)

2.0

B)

2.2

C)

2.6

D)

2.8

E)

2.4