Use the following information and calculate the quick ratio for Davis Company and for Bender Inc.(a)Calculate the quick ratio for each company. Round ratios to two decimal places.(b)Comment on which one is more able to meet current liabilities. 
Definitions:
Self-Managing Teams
Self-Managing Teams consist of individuals who collaborate without the direct supervision of a manager, taking collective responsibility for their goals, processes, and outcomes.
Vertical Integration
A strategy where a company expands its operations into different stages of production or distribution within the same industry, often to control more of its supply chain.
Coffee Bars
Establishments specializing in serving coffee, along with various related beverages and often light snacks, facilitating social interaction and leisure.
Strategic Alliance
A partnership between two or more organizations to pursue a set of agreed upon objectives while remaining independent organizations.
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