A Company Had Current Assets of $550,000 and a Current

Multiple Choice

A company had current assets of $550,000 and a current ratio of 2.0.The current assets consist of Cash of $50,000,Short-term investments of $150,000,Accounts receivable of $50,000,and Inventory of $300,000.Which of the following is closest to the company's quick ratio?

A) 2.0
B) 1.82
C) 0.53
D) 0.91