Question 21 Given the following information what is the Quick Ratio? BALANCE SHEET (in millions) Cash $ 749.0 $ 800,0 Acets receivable 907.7 700.0 Inventories 683.3 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds 200.0 Total current assets $2,340.0 $1,700.0 1.100.0 Total debt $2,800.0 200.0 Common stock (50,000 shares) Retained earnings 1.000.0 Net plant & equip 1.660.0 Total common equity $1.200.0 Total assets $4.000.0 Total liabilities & equity $4.000.0 $4,000.0 Total liabilities & equity $4.000.0 INCOME STATEMENT (in millions) Net sales $6,000.0 Operating costs 5,399.8 Depreciation 100.2 EBIT $ 300.0 Less: Interest 96,0 $ 204.0 EBT 74.0 Less: Taxes Net income $ 130,0 A. 0.92 B. 190.10 C. 1.92 D. Not enough information provided. E. 9.75 F 0.97