What is the quick ratio? Use the information below

Subject:BusinessPrice: Bought3

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What is the quick ratio? Use the information below. Round to the second decimal place, Current Assets Inventory: Acct Rec: Total Assets: Current Liabilities: Acct Payable: Total Liabilities: Owner's Equity: $450,000 $250,000 $200,000 $900,000 $300,000 Costs of Goods Sold: $2,000,000 Total Sales: $3,000,000 Credit Sales: $1,500,000 Total Purchases: $2,500,000 Operating Expenses $700,000 Pre-Tax Income: $60,000 $100,000 $600,000 $300,000