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Islington Corporation provides you with the following information: Income Statement ($ million) Balance Sheet E (200) Average over Period $million Cash 50 Accounts payable Accounts

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Islington Corporation provides you with the following information: Income Statement ($ million) Balance Sheet E (200) Average over Period $million Cash 50 Accounts payable Accounts receivable 60 Accrued expenses Inventory 100 Long-term debt Property, P&E Depreciation Common stock Retained earnings Sales on credit COGS Gross profit SGA expenses Op. profit Interest expense Tax Net Income 150 140 Total Assets 500 Total Liabilities & Equity 500 The quick ratio is closest to: 0.76. 0.63 0.34

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