According to the information in the balance sheet below what is the quick ratio for this business?

TEDDY FAB INC. BALANCE SHEET December 31, 2100 ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current assets Current Iabilities Cash and cash equivalents $ 100,000 Accounts payable 30,000 Accounts receivable 20.000 Notes payable 10.000 Inventory 15,000 Accrued expenses 5.000 Prepaid expense 4,000 Deferred revenue 2.000 Investments 10,000 Total current liabilities 47,000 Total current assets 149,000 Long-term debt 200,000 Property and equipment Land 24,300 Total liabilities 247,000 Buildings and improvements 250,000 Equipment 50,000 Shareholders' Equity Common stock 10.000 Less accumulated depreciation (5,000) Additional paid-In capital 20,000 Retained earnings 197.100 Other assets Treasury stock (2,000) Intangible assets 4,000 Less accumulated amortization 200) Total liabilities and shareholders' equity $ 472.100 Total assets 472 100 a. 2.77 b. 3.05 c. 2.01 d. 1.23