Given the following Balance Sheets and the Income Statement for Leo Construction, find out: Leo Construction Balance Sheet 3/28/2020 6/30/2020 9/30/2020 12/31/2020 Current assets Cash and cash equivalents $ 280,492 $ 43,462 $ 86,543 $ 174,254 Account receivables $314,219 $ 398,256 $ 383,984 $ 460,138 Costs & cod earnings of $ 40,586 $ 28,763 $ 31,227 S 37,234 billings Inventories $ $ $ S - Notes receivable $ 22,548 $ 18,794 $ 12.632 S Prepaid expenses S 6,621 S 5,121 S 5,012 S 6,825 Other current assets Total current assets Noncurrent assets Property, plant, and equipment $ 421,287 $ 12.254 $ 9.992 S 9.712 S 8,225 $ 676,720 $504,388 S 529,110 S 686,676 $421,687 $ 465,248 5 467,248 Less accumulated $(56,128) depreciation Property, plant, and equipment, net $365,159 Other noncurrent $178,544 assets Total noncurrent assets $ 543,703 Total assets $1,220,423 5 (112,256) $309,431 $173,526 $ 482,957 $987,345 $(147,623) $ (182,990) $ 317,625 $ 284,258 $ 182,110 $ 499,735 $ 1,028,845 $171,256 $455,514 $1,142,190 Current liabilities: Notes payable and notes of credit $ 15,514 $ 34,516 $ 40,228 $ 45,250 Accounts payable $ 348,004 $310,756 S 294,557 $ 246,339 Accrued expenses $ 29,733 $ 30,771 $ 27,884 S 27,914 Billings in.c.of costs & recog'd $ 5,218 $ 6,782 $ 9,938 S 11,562 earnings Other current liabilities $ 25,438 $ 27,893 $ 32,198 $ 35,648 Total current liabilities $ 523,907 $413,718 $ 544,805 Long-term liabilities $ 153,215 Total liabilities Net Worth: Common stock $677,122 $ 20,000 $128,110 $541,828 15 109.287 S 654,092 Retained earnings $ 523,301 Total net worth $ 543,301 $ 20,000 $425,517 $445,517 S 369,213 S 99.073 S 468,236 20,000 5 354,753 $ 653,904 S 374,753 $ 673,904 S 20,000 Total liabilities and net $1,220,423 $987,345 $ 1,028,845 $1,142,190 worth What is the quick ratio for the third quarter of 2020? (keep two decimal places)