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The fiscal 2016 balance sheet for Whole Foods Market reports the following data (in millions). What is the companys quick ratio? 8. The fiscal 2016

The fiscal 2016 balance sheet for Whole Foods Market reports the following data (in millions). What is the companys quick ratio?

8. The fiscal 2016 balance sheet for Whole Foods Market reports the following data (in millions). What is the companys quick ratio?

Cash and

cash equivalents

Marketable securities

Accounts receivable

Merchandise inventories

Current

assets

Current liabilities

$351

$379

$242

$517

$1,975

$1,341

A) 0.69

B) 1.38

C) 0.72

D) 1.47

E) None of the above

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