Take me to the text Selected financial data from Lead Company is provided below. Cash $76,000 Accounts Receivable $219,000 Inventory $269,000 Short-Term Investments $35,000 Land and Building $485,000 Current Portion of Long-Term Debt $40,000 Accounts Payable $111,000 a) Calculate the quick ratio. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Quick Ratio = b) True or False? A quick ratio of 2.16 shows that the company is likely to meet its short-term cash obligations. False True