Use the following information to calculate the current ratio: Cash and equivalents = $20 Accounts receivable = $30 Inventory = $25 Current liabilities = $100 Long-term debt = $200

A. 0.50

B. 1.33

C. 0.25

D. 0.75

Use the following information to calculate the quick ratio: Cash and equivalents = $20 Accounts receivable = $30 Inventory = $25 Current liabilities = $100 Long-term debt = $200

A. 0.50

B. 0.25

C. 0.75

D. 1.33