Why is A 2.4

Based on the following accounts compute the quick ratio for the CBC Company Furniture 25,000 Long term liabilities 50,000 Accum Depre-Furn $ 12,000 S 15,000 S75,000 Cash Inventory Accounts Rec S 35,000 Short term investments- $ 15,000 Current liabilities Bad debt expense S 25,000 S 8,000 Reserve for bad debts- $ 5,000 A. 2.4 B. 2.6 C. 2.92 D. 1.0 E. None of the above 056 0% 0% 0% 0%