QUESTION 14 Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2019 and 2018 (in 5 millions) Liabilities and Stockholders' Equity Assets 2018 2010 2018 2010 Current Assets Current Liabilities Cash 83.6 58.5 87.6 73,5 Accounts payable Notes payable/ short-term debt Accounts receivable 55.5 30.6 10.5 9.6 Current maturities of long- term debt 45.0 Inventories 42.9 30.0 38.9 6.0 3.0 Other current assets 8.0 Other current liabilities 120 Total current assets 171.0 Total current abilities 1440 132.0 Long-Tem Assets Long-Term Liabilities Long-term debt Land 28.0 821 239.7 188.0 109,5 91.5 Capital lease obligations Buildings Equipment 110.1 99.8 Total Debt 239.7 1689 Less acumulated deprecation 58.1) (52.5 Deferred taxes 22 8 222 Net property, plant and equipment 229.1 2007 Other long-term liables Total long-term bites Goodwil 800 2525 191.1 Sa Re Subtitle CS1 015 Luther Corporation Consolidated Balance Sheet December 31, 2010 and 2018 (in 5 millions) Assets 2010 2018 2019 2018 Current Assets Cash 63.6 58.5 87.6 73,5 Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable short-term debt Current matunities of long- term debt Accounts receivable 55.5 39.6 10.5 9.8 Inventories 45.0 429 39.9 38.9 Other current assets 6.0 3.0 Other current liabilities 0.0 120 Total current assets 171.0 1440 Total current abilities 144.0 132.0 Long-Term Assets Land 68.6 62.1 239.7 168.9 Long-Term Liabilities Long-term debt Capital lease obligations Total Debt 109.5 Buildings Equipment 119.1 98.8 239.7 168.9 Less accumulated depreciation (58.1) (525) Deferred taxes 22.8 222 Net property plant and equipment 2391 200.7 Goodwill 800 Other long-term liabilities Total long-term bites 262.5 1011 Total abilities 408.5323.1 Stockhodes Equity 1288 Other long-term assets 63.0 420 Total long-term assets 38212427 TO Assets 5331 Total listes and Stochodes Equity 533.1 388.7 Luther's quick ratio for 2019 is closest to: O 0.77 O 0.83 O 1.30 O 1.15