The following balance sheet information is provided for Greene Company for Year 2: Assets Cash$6000? Accounts receivable 12,150? Inventory 15,000? Prepaid expenses 1800? Plant and equipment, net of depreciation 19,700? Land 13,600? Total assets$68,250? Liabilities and stockholders' Equity Accounts payable$2910? Salaries payable 8030? Bonds payable (due in ten years) 13,000? Common stock, no par 15,500? Retained earnings 28,810? Total liabilities and stockholders' equity$68,250? What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
A. 1.38
B. 3.19
C. 0.76
D. 1.66
Answer: D
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