not at this time

Question 5 2 pts The following data are from the Spencer Company's August 31, 2013, balance sheet: Accounts payable $280,000 Accounts receivable $390,000 Allowance for Cash 48,000 uncollectable accounts 36,000 Merchandise 800,000 inventory Bonds payable 200,000 Prepaid expenses 30,000 Notes receivable 50,000 The quick ratio is: 4.6 1.7 1.6 1094