Galaxy United, Inc. 2009 Income Statement ($ in millions)
Net sales	$8,550
Less: Cost of goods sold	7,170
Less: Depreciation	410
Earnings before interest and taxes	970
Less: Interest paid	83
Taxable Income	887
Less: Taxes	310
Net income	$ 576

Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions)

2008

2009

2008

2009

Cash

$ 110

$ 160

Accounts payable

$1,110

$1,140

Accounts rec.

940

780

Long-term debt

1,000

1,185

Inventory

1,490

1,510

Common stock

$3,170

$2,970

Sub-total

Galaxy United, Inc. 2009 Income Statement ($ in millions)
Net sales	$8,550
Less: Cost of goods sold	7,170
Less: Depreciation	410
Earnings before interest and taxes	970
Less: Interest paid	83
Taxable Income	887
Less: Taxes	310
Net income	$ 576

Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions)
	2008	2009			2008	2009
Cash	$ 110	$ 160		Accounts payable	$1,110	$1,140
Accounts rec.	940	780		Long-term debt	1,000	1,185
Inventory	1,490	1,510		Common stock	$3,170	$2,970
Sub-total	$2,540	$2,450		Retained earnings	510	785
Net fixed assets	3,250	3,630
Total assets	$5,790	$6,080		Total liab. & equity	$5,790	$6,080

What is the quick ratio for 2009?

1.32

.82

.95

2.15

2.29

$2,540

$2,450

Retained earnings

510

785

Net fixed assets

3,250

3,630

Total assets

$5,790

$6,080

Total liab. & equity

$5,790

$6,080

What is the quick ratio for 2009?

1.32

.82

.95

2.15

2.29