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Crafter Company has the following assets and liabilities: Assets Cash $27,817 Accounts receivable 12,728 Inventory 21,967 Equipment 62,363 Liabilities Current portion of long-term debt 12,535

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Crafter Company has the following assets and liabilities: Assets Cash $27,817 Accounts receivable 12,728 Inventory 21,967 Equipment 62,363 Liabilities Current portion of long-term debt 12,535 Accounts payable 3,040 60,873 Long-term debt Determine the quick ratio (rounded to one decimal point). a. 1.6 Ob. 1.0 Oc. 2.6 O d. 4.0

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