Why is the quick ratio considered by some to be a better measure of liquidity than the current ratio? It measures how "quickly" cash flows through the firm. The current ratio does not include accounts receivable. The quick ratio more accurately reflects a firm's profitability. It omits the least liquid current asset, inventory, from the numerator of the ratio. The London Bridge Co. had $80,000 in taxable income in the year ending September 30,2017. Calculate the company's average tax rate using the following tax schedule. (round to the nearest percentage.) 309 34% 15.5% 19.3%