How do you find the quick ratio? File is attached.

Seaforce Manufacturing Inc. Income Statement Year Ended December 31, 20X5 Sale $ 340,000 Cost of goods sold $ 250,100 Gross Profit $ 89,900 Operating Expenses $ 55,000 Loss on Sale of equipment $ 2,500 $ 57,500 Profit from Operations $ 32,400 Other expenses Interest Expense $ 3,500 Profit before Income Tax $ 28,900 Income Tax Expense $ 12,000 Profit $ 16,900 Additional Information: 1.Operating expenses include depreciation expense of $10,000 2. Accounts Payable related to the purchase of inventory 3. Equipment that cost $12,500 was sold at a loss of $2,500 4. New equipment was purchased during the year for $8,500 5. Dividends declared and paid in 20X5 totalled $3,000 6. Common shares were sold for $12,000 cash 7. Interest payable in 20X5 was $800 greater than interest payable in 20X4 Seaforce Manufacturing Inc. comparative balance sheet at December 31 20X5 20X5 20X4 Cash $ 6,450 $ 4,100 Accounts Receivable $ 72,000 $ 6,500 Inventory $ 110,250 $ 140,000 Prepaid Expenses $ 1,750 $ 1,020 Equipment $ 96,000 $ 100,000 Accumulated Depreciation - equipment $ (50,000) $ (42,000) Total Assets $ 236,450 $ 209,620 Account Payable Interest Payable Income taxes payable Dividends Payable Long-term Notes Payable Common shares Retained Earnings Total Liabilities & Shareholders' Equity $ 16,230 $ 9,900 $ 810 $ 10 $ 10,800 $ 9,500 $ 1,800 $ 2,800 $ 55,000 $ 62,000 $ 135,000 $ 123,000 $ 16,310 $ 2,410 $ 236,450 $ 209,620 Round answers to fit 2 decimal places in all questions (in % questions a 0.12 is presented as 12%, so a 0.124 is rounded as 12% and 0.127 is rounded as 13%) The quick ratio at December 20X4 was: A. Between 0.88 and 2.64 B. Not enough data provided to calculate it C. Equal or above 2.65 D. Between 0.22 and 0.87 E. Equal or below 0.21