Based on the ABC companys financial data obtained from its annual report (see the Table below), Aaron would like to calculate the quick ratio (acid test) so that he can measure the ABC companys ability to pay off the claims of short-term creditors. Its quick ratio is _____________. Item Amount (in million dollars) Cash 20 Short-term debt 5 Long-term debt 20 Marketable securities 7 Accounts payable 12 Accounts receivable 25 Accrued liability 3 Prepaid expense 8 Inventory 20

Group of answer choices

0.5

1.5

2.0

None of the above