From the Following Data for David ProElecticals, Calculate the Quick

question 62

Multiple Choice

From the following data for David ProElecticals, calculate the quick ratio. $$\begin{array} { l r } \text { Cash } & \$ 68,500 \\\text { Accounts receivable } & 130,000 \\\text { Inventories } & 213,000 \\\text { Prepaid expenses } & 25,000 \\\text { Total current assets } & \$ 436,500 \\\text { Less current liabilities } & \underline { 275,000 } \\\text { Working capital } & \$ 161,500\end{array}$$

• A) 1.6
• B) 0.7
• C) 0.3
• D) 1.5