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As of December 31, the Stanford company has the following information.cash - 5,000accounts revivable - 15,000 inventory - 40,000 prepaid insurance - 3000 long term

As of December 31, the Stanford company has the following information.cash - 5,000accounts revivable

- 15,000

inventory - 40,000

prepaid insurance - 3000

long term assets - 100,000

accounts payable - 15,000

notes payable in 5 months - 12,500

salary payable- 25,000

notes payable in 5 years - 35,0000

owners equity - 98,000

What is the company's quick ratio?

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