What is the firm's quick ratio? Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of 5) Assets 2015 Cash and securities $2,500 Accounts receivable 11,500 Inventories 16.000 Total current assets $30,000 Net plant and equipment $20.000 Total assets $50,000 Liabilities and Equity Accounts payable $9,500 Accruals 5,500 Notes payable 7.000 Total current liabilities $22,000 Long-term bonds $15.000 Total liabilities $37,000 Common stock $ 2,000 Retained earnings 11.000 Total common equity $13.000 Total liabilities and equity $50,000 Income Statement (Millions of $) 2015 Net sales $87,500 Operating costs except depreciation 81,813 Depreciation 1.531 Eamings before interest and taxes (EBIT) $ 4,156 Less interest -1.375 Eamings before taxes (EBT) $ 2,781 Taxes 973 Net income $ 1,808 Other data: Shares outstanding (millions) 500.00 Common dividends $632.73 Intrate on notes payable & L-T bonds 6.25% Federal plus state income tax rate 35% Year-end stock price $43.39 O a. 0.51 b.0.64 OC. 0.76 O 0.092 O e. 1.10