QUESTION 13 Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses S 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 Based on the above data, what is the quick ratio, rounded to one decimal point? Oa. 1.7 b. 2.6 c. 2.7 d.0.9 QUESTION 14 The balance sheets at the end of each of the first two years of operations indicate the following: Year 2 $600,000 60,000 900,000 125,000 350,000 100,000 600,000 75,000 310,000 Year I Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par Common stock $560,000 40,000 700,000 65,000 250,000 100,000 600,000 75,000 Retained earnings 210,000 If net income is $150,000 and interest expense is $20,000 for Year 2, what is the rate carned on total assets for the year? a 8.4% Ob. 11.9% Oc. 10.5% O d. 10.4%