The following information is available about davids company; all sales are on credit cash and marketable securities = $1 million inventory = $5 million COGS = $15 million accounts payable = $3 million, Long-term bonds = $8 million accounts receivable = $3 million Total Sales = $20 million Compute the liquidity ratio

1-0.333

2-1. 333

3- 2. 333