The following balance sheet information is provided for Greene Company for Year 2:

Assets
Cash	$5,200
Accounts receivable	11,350
Inventory	14,600
Prepaid expenses	1,400
Plant and equipment, net of depreciation	19,300
Land	13,200
Total assets	$65,050
Liabilities and Stockholders' Equity
Accounts payable	$2,670
Salaries payable	8,430
Bonds payable (Due in ten years)	11,000
Common stock, no par	17,500
Retained earnings	25,450
Total liabilities and stockholders' equity	$65,050

What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)

Multiple Choice

• 1.49

• 0.75

• 2.93

• 1.41