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Use the following data for Lazy O Corporation: Current assets Current liabilities Accounts receivable Inventories Accounts payable Net sales Cost of goods sold $65,000 60,000

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Use the following data for Lazy O Corporation: Current assets Current liabilities Accounts receivable Inventories Accounts payable Net sales Cost of goods sold $65,000 60,000 15,000 20,000 40,000 365,000 280,000 Lazy O's quick ratio is: O a. 0.87 O b.0.75 Ocii O d. 09 Oe. None of the above

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