Lake Co. reported the following amounts in their most recent financial statements: Accounts payable $ 1.500 Accounts receivable $ 2.500 Bank loan payable (due in five years) $12.000 Cash $ 3,000 Inventory $ 4.000 Notes payable (due within one year) $ 2,900 Prepaid insurance $ 500 Tax payable $ 2,000 Insurance expense $ 1,200 Wage payable $800 Required: Calculate the quick ratio for Lake Company: The formula is: current assets - Inventory_prepaid expenses current liabilities Select one O a32 O b. 39 0.676 Od 129