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Galaxy United, Inc. 2009 Income Statement Net sales $627,800 Less: Cost of goods sold 521,400 Less: Depreciation 11,200 Earnings before interest and taxes 95,200 Less:
Galaxy United, Inc. 2009 Income Statement Net sales $627,800 Less: Cost of goods sold 521,400 Less: Depreciation 11,200 Earnings before interest and taxes 95,200 Less: Interest paid 10,100 Taxable Income $85,100 Less: Taxes 28,900 Net income $56,200 What is the quick ratio for 2012
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