Selected financial data for Wilmington Corporation is presented below.

WILMINGTON CORPORATION
Balance Sheet
	Dec. 31, Year 7	Dec. 31, Year 6
Current Assets
Cash and cash equivalents	$548,001	$289,834
Marketable securities	166,106	187,064
Accounts receivable (net)	245,468	274,645
Inventories	403,268	371,578
Prepaid expenses	52,601	24,234
Other current assets	83,053	85,029
Total Current Assets	1,498,497	1,232,384
Property, plant and equipment	1,384,217	625,421
Long-term investment	568,003	425,000
Total Assets	$3,450,717	$2,282,805
Current Liabilities
Short-term borrowings	$306,376	$170,419
Current portion of long-term debt	155,000	168,000
Accounts payable	241,405	271,944
Accrued liabilities	259,975	158,634
Income taxes payable	92,848	169,965
Total Current Liabilities	1,055,604	938,962
Long-term debt	500,000	300,000
Deferred income taxes	204,266	249,284
Total Liabilities	1,759,870	1,488,246
Common stock	$425,250	$125,000
Additional paid-in capital	356,450	344,335
Retained earnings	909,147	325,224
Total Stockholders' Equity	1,690,847	794,559
Total Liabilities and Stockholders' Equity	$3,450,717	$2,282,805

Selected Income Statement Data for the year ending December 31, Year 7
Net sales	$4,885,340
Cost of goods sold	(2,960,267)
Selling expenses	(884,685)
Operating income	1,040,388
Interest expense	(55,240)
Earnings before income taxes	985,148
Income tax expense	(401,225)
Net income	$583,923

Selected Statement of Cash Flow Data for the year ending December 31, Year 7
Cash flows from operations	$1,383,280
Capital expenditures	$745,862

Required Wilmington Corporations quick ratio in Year 7 was:

Select one:

a. 0.91

b. 1.10

c. 1.42

d. 0.68