Question Completion Status: The financial statements and data shown below are to be used for the next three (3) questions. All figures are in millions except the tax rate and the year-end stock price. BALANCE SHEET Cash Accts. receivable Inventories Total current assets s 800.0 600.0 S 140.0 880.0 1.320.0 S2,340.0 Accounts payable Notes payable Total current liabilities Long-term bonds Total debt Common stock Retained carnings Total common equity Total liabilities & equity S1,800.0 1,900.0 S2,800.0 200.0 1.000.0 SI 200.0 S4,000.0 Net plant & equip. Total assets 1.660.0 54,000.0 INCOME STATEMENT Net sales Operating costs Depreciation $6,000.0 5,599.8 100.2 S 300.0 Less: Interest EBT Less: Taxes Net income S 204.0 S 122.4 Shares outstanding Common dividends Federal plus state income tax rate Year-end stock price 60.00 $42.8 40% $30.60 Use Scenario 1 to answer the question. What is the firm's quick ratio? 0.57 0.83 1.10 1.30 1.43