Question 22 (4 points) Listen Balance Sheet Current assets Cash 980,000 Aco receivable hot given Inventories 1,040,000 Fixed assets 3,840,000 TOTAL ASSEKS 6,500,000 Current liabilities Ace payable not given Long-term debt 2,000,000 Common stock 160.000 Retained earnings 3,550,000 TOTAL LIAS and EQUITY 6.500.000 6 T 9 B H 00 9 K N M Income Statement Sales 19,500,000 Operating expense 14,630,000 EBIT 4,870,000 Interest expense 240,000 EBT 4.630,000 Taxes 1,852,000 Net Income 2,778,000 What is the firm's quick ratio? 7.19 4.38 5.46 0.68 1.12 5 OC 6 7 R T Y GH FG 00 J VBN 8 M Question 22 (4 points) 4) Listen Balance Sheet Current assets Cash 900,000 Acc receivable not given Inventories 1,040,000: Fixed assets 3,840,000 TOTAL ASSEKS 6,500,000 Current liabilities Acc payable not given Long-term debt 2,000,000 Common stock 780,000 Retained earnings 3,350,000 TOTAL LIAB and EQUITY 6,500,000 5 6 R T H hp 8 R Income Statement Sales 19,500,000 Operating expense 14,630,000 EBIT 4,870,000 Interest expense 240,000 EBT 4,630,000 Taxes 1,852,000 Net income 2,778,000 What is the firm's quick ratio? 7.19 5 4.38. 5.46 0.68 01.12 5 6 T Y U hp 00 8 9