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Calculate the quick ratio of the company

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Reference no: EM132158242

Question - A company has $33,000 in cash and cash equivalents, $91,000 in short-term investments, $128,000 in net current receivables, $63,000 in inventory, $18,000 of prepaid insurance and $6,000 of supplies. The total current liabilities of the firm are $301,000. Calculate the quick ratio of the company? (Round your final answer to two decimal places.)

A. 0.84

B. 1.13

C. 1.05

D. 0.41

Reference no: EM132158242

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