The following totals for the month of June were taken from the payroll register of Arcon Company:

Salaries expense	$ 14,600.00
Social security and Medicare taxes withheld	1,095.00
Income taxes withheld	275.00
Retirement savings	525.00

The entry to record the payment of net pay would include a

a.credit to Salaries Expense for $12,705.00

b.debit to Salaries Payable for $14,600.00

c.debit to Salaries Payable for $12,705.00

d.credit to Salaries Payable for $12,705.00

Crafter Company has the following assets and liabilities:

Assets
Cash	$23,053
Accounts receivable	12,102
Inventory	23,737
Equipment	71,708
Liabilities
Current portion of long-term debt	$8,342
Accounts payable	2,705
Long-term debt	55,125

Determine the quick ratio (rounded to one decimal place).

a.5.3

b.3.2

c.1.1

d.2.0