Question 17 (2.5 points) Determine Cash balance for Violet Inc.. Partial balance sheet data for Violet is as follows: Ccurrent ratio of 3.0, a Quick ratio of 1.5, and Current liabilities of $12,000? Violet's Sales are $115,525, and its Average Collection Period is 40 days? (Assume 365 days per year.). Assume Violet's current assets includes only Cash, inventory and accounts receivables. $12,660 $11,340 $3,660 $17,340 $5,340 $1,740