Balance Sheet Current assets Cash 870,000 Acc receivable not given Inventories 1,340,000 Fixed assets 4,190,000 TOTAL ASSETS 7,900,000 Current liabilities Acc payable not given Long-term debt 4,000,000 Common stock 950,000 Retained earnings 2,390,000 TOTAL LIAB and EQUITY 7,900,000 Income Statement Sales 31,600,000 Operating expense 24,650,000 EBIT 6,950,000 Interest expense 520,000 EBT 6,430,000 Taxes 2,572,000 Net income 3,858,000

What is the firm's quick ratio?

Question 22 options:

	3.95
	6.63
	4.23
	0.52
	0.81