Scenario 1 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 $ 140.0 880.0 1.320.0 52,340.0 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earings Total common equity Total liabilities & equity S 800.0 600.0 400.0 $1,800.0 1.000.0 $2.800.0 200.0 1.000.0 $1.200.0 $4.000.0 Net plant & equip Total assets 1.660.0 S4.000.0 INCOME STATEMENT Net sales $6,000.0 Operating costs 5,599.8 Depreciation 1002 EBIT $ 300.0 Less: Interest 96.0 EBT $ 204.0 Less: Taxes 81.6 Net income $ 122.4 OTHER DATA Shares outstanding Common dividends Federal plus state income tax rate Year-end stock price 60.00 S42.8 40% $30.60 Use Scenario 1 to answer the question. What is the firm's quick ratio? O 0.57 O 0.83 1.10 1.30 1.43