The following information relates to the financial statements of Company T, for its year end date of 31/12/x6: Cash: R 1 245 000; Receivables: R1 109 000; Inventory: R 1 450 000; Payables: R1 380 000; Accrued tax: R500 000; bank loan (long term): R 4 500 000. Based on this information, calculate Ts quick ratio for the x6 financial year. Give your answer to the nearest 2 d.p.

Select one:

a. R1.45

b. R1.30

c. R1.35

d. R1.25