Baron Company reported the following data: Cash Accounts receivable Marketable securities Inventory Prepaid rent expense Accounts payable Current portion of long-term debt Net credit sales Cost of goods sold $80,000 120,000 40,000 100,000 10,000 70,000 140,000 1,000,000 600,000 The quick ratio is closest to: Multiple Choice 3.57 1.67 Net credit sales Cost of goods sold 1,000,000 600,000 The quick ratio is closest to: Multiple Choice 3.57 1.67 1.19 1.14 If the current ratio is 2 what will be the effect of the payment of a cash dividend, which was recorded as a liability on the date of declaration? Multiple Choice O An increase in the current ratio A decrease in the current ratio. O No effect on the current ratio. A decrease in the cash coverage ratio