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Continuing with the sameVaughn Vacuum Balance Sheet: Cash$700,000AccountsPayable$1,200,000 Marketable Securities950,000NotesPayable2,500,000 Accounts Receivable1,250,000Long-TermDebt1,600,000 Inventory3,400,000CommonStock4,250,000 Net FixedAssets6,550,000RetainedEarnings3,300,000 TotalAssets$12,850,000TotalClaims$12,850,000 Compute VV's Quick Ratio(Acid Test) ,rounded to 2 decimal

Continuing with the sameVaughn Vacuum Balance Sheet:

Cash$700,000AccountsPayable$1,200,000

Marketable Securities950,000NotesPayable2,500,000

Accounts Receivable1,250,000Long-TermDebt1,600,000

Inventory3,400,000CommonStock4,250,000

Net FixedAssets6,550,000RetainedEarnings3,300,000

TotalAssets$12,850,000TotalClaims$12,850,000

Compute VV'sQuick Ratio(Acid Test),rounded to 2 decimal places.

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