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Please answer #25 Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $450,000. Current

image text in transcribed Please answer #25

Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $450,000. Current liabilities total $200,000. What is Red Line's quick ratio? River City, Inc. reported the following for 2014: What are the earnings per share for River City, Inc. (to the nearest cent)

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