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The following information concerning the current assets and current liabilities of Swifty Company at December 31, 2017, is presented below. $7000 $7200 (200) 7000 2260

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The following information concerning the current assets and current liabilities of Swifty Company at December 31, 2017, is presented below. $7000 $7200 (200) 7000 2260 500 $16760 Current Assets Cash Accounts Receivable Less Allowance Inventory Prepaid expenses Total Current Llabilities Accounts payable Wages payable Taxes payable Rent payable Notes payable Total $6000 360 240 1300 2100 $10000 Based on this information, what would the quick ratio be if Swifty sold all of its inventory for $5000 cash? The quick ratio would decrease from 1.61 to 1.21. O The quick ratio would increase from 1.61 to 1.90. O The quick ratio would increase from 1.40 to 1.90. O The quick ratio would decrease from 1.40 to 0.55

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