The following account values are from Baker Company's balance sheet:

Cash $12,500 Accounts Receivable $54,500 Inventory $96,000 Equipment $150,000 Buildings $250,000 Short-term Liabilities $70,400 Long-term Liabilities $210,000 What is Baker's quick ratio?

Select one:

a. 0.83

b. 0.88

c. 0.95

d. 2.50