Question 16 (2.5 points) Determine Cash balance for Violet Inc.. Partial balance sheet data for Violet is as follows: Courrent ratio of 3.0, Quick ratio of 2.0, and Current liabilities of $12,000? Violet's Sales are $115,525, and its Averags Collection Period is 40 days? (Assume 365 days per year.). Assume Violet's current assets includes only Cash, inventory and accounts receivables. $17,340 $1,740 $5,340 $12,660 $3,660 $11,340