Bluebull Shoes Inc., has the following balance sheet and the Income statement. The company had 100 million shares of common stock outstanding and its market price of the common stock was $70 at the end of 2017. Make sure the unit is in million dollars (unit: $ in millions) Southeast Systems Balance Sheets 2016 2017 2016 2017 1 $1,050 $1,100 Accounts payable $450 $500 Accounts receivable 600 700 Long-term debt 950 1,050 Inventory 500 550 Common equity 300 300 Net fixed assets 1,000 1.000 Retained earnings 1.500 Total Assets $3,150 $3,350 Total abilities $3,150 $3,350 Owner's Equity Cash 1.450 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Taxes Net Income Dividends 2017 $3,370 2,070 500 300 300 500 $350 5300 What is the quick ratio for 2017 2.05 3.00 3.00 4.70