Given the following information, what is the company's quick ratio? Trade and other payables $ 20,000 Cash 16,000 Marketable securities 5,000 Trade receivables 45,000 Inventories 65,000 Prepaid expenses 5,000 Non-current assets 132,000 Short-term borrowings 40,000 Long-term borrowings 50,000 Equity 158,000 a. 1.4 b. 1.2 C. 2.7 d. 0.9 13