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Using the following financial data given below, to determine the appropriate ratios: ASSETS: LIABILITIES & STOCKHOLDERS EQUITY: Cash $ 2,000 Current liabilities $ 3,000 Accounts Rec. 4,000 Long-term debt 2,000 Inventory 2,000 Common stock at par 3,000 Fixed Assets 9,000 Paid in capital in excess of par 3,000 Retained earnings 6,000 Total Liabilities & Total Assets $17,000 Stockholder Equity $17,000 Sales $20,000 Credit sales as a % of Total Sales 80.0% Cost of Goods Sold 40.0% Income before fixed charges and taxes $9,000 Interest payments 1,125 Lease payments 1,350 Taxes (45% tax rate) 2,936 Net income after taxes $3,589 Quick Ratio of the firm is: 0 3.0 O 1.80 0 2.67 02.00 O 1.20