The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. What is the firm's quick ratio? Balance Sheet (Millions of \$) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Lonoterm bonds 2010 $1,554.0 9,660.0 13,440.0 $24,654.0 17,346.0 $42,000.0 $7,980.0 5,880.0 4.620 .0 $18,480.0 10.9200 Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of \$) Net sales Operating costs except depr'n Depreciation Earnings bef int and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends 10,920.0 $29,400.0 3,360.0 9,240.0 $12,600.0 $42,000.0 2010 $58,800.0 $54,978.0 $1,029.0 $2,793.0 1,050.0 $1,743.0 $670.1 $1,133.0 175.00 $509.83 6.25% Select one: A. 0.49 B. 0.61 C. 0.73 D. 0.87 E. 1.05 Clear my choice