SolidCo's balance sheet for the most recent year end is below.

Current Assets

Cash: 3,000

Marketable securities: 600

Accounts receivable: 6,000

Less allowance for bad debt: -300

Inventory: 1,200

Total Current Assets: 10,500

Current Liabilities

Accounts payable: 4,000

Current portion of notes payable: 1,300

Other current accrued expenses: 2,000

Total Current Liabilities: 7,300

The quick ratio for this company is closest to:

Question 14 options:

1.32

1.27

1.26