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08 7-12 Quick ratio LO7 Your company has a policy of granting credit only to customers whose quick ratio is greater than or equal to 1. Based on this policy, determine if the following companies would be granted credit (round to two decimal places). Why or why not? Company A Company B Cash Accounts receivable Inventory Prepaid expenses. Accounts payable Other current liabilities $1.200 2,700 5,000 600 3.100 250 $1.200 2,700 5.000 600 4,750 950 497