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Crafter Company has the following assets and liabilities: Assets Cash $19,588 Accounts receivable 12,662 Inventory 26,780 Equipment 76,417 Liabilities Current portion of long-term debt 13,755
Crafter Company has the following assets and liabilities: Assets Cash $19,588 Accounts receivable 12,662 Inventory 26,780 Equipment 76,417 Liabilities Current portion of long-term debt 13,755 Accounts payable 4,902 Long-term debt 67,836 Determine the quick ratio (rounded to one decimal point).
a.3.2 b.1.7 c.1.6 d.0.9
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