XYZ Corp. has current assets of $12 million, current liabilities of $4 million, cash of $9 million, accounts receivable of $2 million, and inventory of $1 million. XYZ has decided to use $2 million of its cash to buy additional inventory. What is the company's new quick ratio following this move? 2.25 3.75 2.75 3.25 Question 7 1 pts Using a 365 day year, what is the Days of Inventory for a firm that has annual Cost of Goods Sold of $18,330,000 and Inventory of $2,932,800? 58.4 59.3 59.5 59.0 D Question 8 1 pts Using a 365 day year, what is the Days of Payables for a firm that has annual Cost of Goods Sold of $28,594,000 and Accounts Payable of $5,432,860? 69.4 68.5 68.3 68.8