What is the company's quick (acid test) ratio? Possible answers: 0.7, 1.2, 1.5, 2.5. ASSETS: Cash is $4000, Accounts Receivable is-$10150, Inventory is $14000, Prepaid Expenses is-$800, Equipment Depreciation is $18700, Land is-$12600, total assets is-$60250. LIABILITY AND STOCKHOLDER'S EQUITY: AP is $2310, Salaries Payable is $9030, Bonds payable is-$8000, Common stock is $20910, Retained earnings is-$20000, Total liabilities is--$60250