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Tom Boy Co . shows the following accounts: Cash $ 1 0 , 0 0 0 Accounts Receivable $ 3 0 , 0 0 0

Tom Boy Co. shows the following accounts:
Cash $10,000
Accounts Receivable $ 30,000
Prepaid Rent $5,000
Supplies $2000
Inventory $45,000
Accounts Payable $24,000
Wages Payable $8,000
Bank Loan payable (in 6 months) $25,000
Bond Payable (in 3 years) $ 20,000
Compute the quick ratio

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