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The Crafter Company has the following assets and liabilities: ASSETS Cash $ 2 8 , 0 0 0 Accounts receivable 1 5 , 0 0

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The Crafter Company has the following assets and liabilities:
ASSETS
Cash
$28,000
Accounts receivable
15,000
Inventory
20,000
Equipment
50,000
LIABILITIES
Current portion of long-term debt 10,000
Accounts payable
2,000
Long-term debt
25,000
Determine the quick ratio (rounded to one decimal point).
2.3
3.3
5.3
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