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Greystone Inc. had the following data for 2019: Sales: $4,000; EBIT =$3,000; Net income =$700; Tax rate of 40% Stock price is $10 and Weighted

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Greystone Inc. had the following data for 2019: Sales: $4,000; EBIT =$3,000; Net income =$700; Tax rate of 40% Stock price is $10 and Weighted average cost of capital (WACC) is 10% For 2018 Total Net Operating Capital was $2,500 Using the data for Greystone, calculate the Quick Ratio (2 decimals)

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