Balance Sheet (Millions of $) 2019 Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity $4,200 17,500 20,300 $42,000 $28,000 $70,000 Accounts payable Accruals Notes payable Total current liabilities $27,531 12,369 5,000 $44,900 $9,000 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $53,900 $3,864 12,236 $16,100 $70,000 Income Statement (Millions of $) 2019 Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) $112.000 104,160 2.240 $5.600 840 Less interest Earnings before taxes (EBT) Taxes $4,760 1,190 $3,570 Net income Other data: Shares outstanding (millions) Common dividends (millions of $) Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 500.00 $1249.50 6% 25% $68.54 Refer to Exhibit 4.1. What is the firm's quick ratio? Do not round your intermediate calculations. O a. 0.42 O b. 0.60 C 0.58 d. 0.48 e. 0.52