Use the following information and calculate the quick ratio for Davis Company and for Bender Inc. (a) Calcul ate 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:
Incidental Beneficiary
A party who indirectly benefits from a contract but has no legal right to enforce the agreement made between other parties.
Donee Beneficiary
A third party that benefits from a contract between two other parties, to whom the promisor's performance is a gift.
Promisee
The individual or entity to whom a promise is made and who stands to benefit from the fulfillment of that promise.
Creditor Beneficiary
An individual or entity that benefits from a contract made between two other parties because of a debt owed to them.
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