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Very Easy Finance Question. Please don't give wrong answer A firm reported the following balance sheet: ASSETS Cash and Equivalents Accounts Receivable Inventory Tot. Current

Very Easy Finance Question. Please don't give wrong answer

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A firm reported the following balance sheet: ASSETS Cash and Equivalents Accounts Receivable Inventory Tot. Current Assets Net Plant and Equipment Other Long Term Assets Tot. Long Term Assets Total Assets $ 580.00 $ 195.00 $ 180.00 ? $ 90.00 $ 2,000.00 ? 2 LIABILITIES Accounts Payable Accrued Wages and Taxes Notes Payable Tot. Current Liabilities LongTerm Debt Total Liabilities WA NGA A LA $ 50.00 20.00 $ 265.00 ? 700.00 STOCKHOLDER'S EQUITY Common Stock $ 500.00 Total Assets ? LIABILITIES Accounts Payable Accrued Wages and Taxes Notes Payable Tot. Current Liabilities LongTerm Debt Total Liabilities $ 50.00 $ 20.00 $ 265.00 ? $ 700.00 2 STOCKHOLDER'S EQUITY Common Stock 500.00 Retained Earnings Tot. Stockholder's Equity What is the quick ratio of this firm? Answer using two decimal figures. ta on Your

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