From the following list of accounts, calculate the quick ratio.
|
Cash |
$ 3,000 |
Accounts payable |
$ 8,000 |
|
Accounts receivable |
6,000 |
Salary payable |
3,000 |
|
Inventory |
10,000 |
Notes payable (due in 2 years) |
8,000 |
|
Prepaid insurance |
2,000 |
Short term investments |
2,000 |
a. 2.1
b. 1.3
c. 1.0
d. 1.4