Financial statements for Revnik Company follow.

c.	Quick ratio. (Round your answers to 2 decimal places.) for 2015 & 2014

REVNIK COMPANY Balance Sheets As of December 31 2015 2014 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items S 20,500 20,900 50,000 135,000 29,000 $ 16,500 6,900 42,000 143,000 14,000 Total current assets Investments Plant (net) Land 255,400 27,000 270,000 27,000 222,400 20,000 255,000 22,000 Total assets $579,400 $519,400 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable S 27,200 10,800 45,000 18,000 58.800 24,000 Total current liabilities 110,000 73,800 Noncurrent liabilities Bonds payable Other 130,000 130,000 33,000 163,000 273,000 28,000 158,000 231,800 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 5% cumulative non-participating: 9,000 shares authorized and issued) 90,000 90,000 Common stock (No par, 50,000 shares authorized 90,000 126,400 10,000 shares issued) 90,000 107,600 287,600 $579,400 $519,400 Retained earnings Total stockholders' equity 306,400 Total liabilities and stockholders' equity