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Close 20 From the following list of accounts, calculate the quick ratio. 5 (5 Points) Cash Accounts receivable. Inventory Prepaid insurance $3,000 Accounts payable 6,000

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Close 20 From the following list of accounts, calculate the quick ratio. 5 (5 Points) Cash Accounts receivable. Inventory Prepaid insurance $3,000 Accounts payable 6,000 Salary payable. 8,000 Notes payable (due in two years) 2,000 Short-term investments. $ 8,000 3,000 10,000 2,000 a) 2.1 b) 1.3 O c) 1.0 d) 1.4

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