Mike Company has cash of $56,000, net accounts receivable of $67,000; short-term investments of $12,000 and inventory of $40,000. It also has $45,000 in current liabilities and $75,000 in long-term liabilities. The quick ratio for Mike Company is: a. 2.33 b.2.73 OC. 3.00 O d. 3.89 QUESTION 8 On April 23, Lauren paid $4,750 to Ryan Company to fulfill her promissory note agreement. Of the $4,750, $750 is interest. The journal entry Ryan Company will record is: O a. debit cash, $4,750; credit note receivable/Lauren, $4,750 b. debit cash, $4,750; credit note receivable Lauren, $4,000; credit interest income, $750. c. debit note receivable Lauren, $4,750; credit cash $4,700; credit interest income $750. O d. debit note receivable/Lauren, $4,750; credit cash $4,750