Given the Following Balance Sheet Information, What Is the Quick

Multiple Choice

Given the following balance sheet information, what is the quick ratio?
$\begin{array}{lrlc}\text { Cash } & \$ 50,000 & \text { Accounts payable } & \$ 50,000 \\\text { Inventory } & 50,000 & \text { Accrued expenses } & 25,000 \\\text { Accounts receivable } & \underline {50,000} & \text { Short-term loan } & \underline {25,000} \\\text { Total Current Assets } & \$ 150,000 & \text { Total Current Liabilities } & \$ 100,000\end{array}$

A) 0.5
B) 1.0
C) 1.5
D) None of the above