Alpha has the following adjusted trial balance at the end of the year. On the basis of its annual physical count of inventory at year-end, Alpha determined that its ending inventory was $42,000. Debit Credit Cash $ 10,000

Accounts receivable 20,000

Inventory 36,000

Supplies 3,000

Equipment 60,000

Accumulated depreciation $30,000

Accounts payable 16,000

Salaries payable 3,000

Utilities payable 6,000

Income tax payable 4,000

Unearned sales revenue 1,000

Common stock 59,000

Retained earnings 15,000

Dividends 6,000 Sales 140,000

Sales returns and allowances 6,000

Purchases 51,000

Purchase discounts 3,000

Rent expense 24,000

Salaries expense 45,000

Depreciation expense 6,000

Income tax expense 10,000

Total $277,000 $277,000

Using this trial balance, the quick ratio is