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JT Engineering's current asset information for all four quarters of 2020 is shown below. JT maintained a constant $250,000 of current liabilities throughout the year.

JT Engineering's current asset information for all four quarters of 2020 is shown below. JT maintained a constant $250,000 of current liabilities throughout the year. Based on the current ratio, in which quarter was JT least liquid? Q3 Q4 $9,200 $9,000 69,000 70,000 Accounts Receivable 66,000 61,500 64,300 65,000 Inventory 112,000 112,000 111,500 Prepaid Expenses 20,000 21,500 20,100 21,400 TOTAL CURRENT ASSETS $278,000 $278,500 276,600 276,900 CURRENT ASSETS Cash Short-term Investments Q1 $10,000 72,000 110,000 Q2 $8,500 75,000

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