The Following Is a Partial List of Account Balances from the Books

Multiple Choice

The following is a partial list of account balances from the books of Probst Enterprise at the end of 2010: $$\begin{array} { l r } \text { Accounts payable } & \$ 20,500 \\\text { Accounts receivable } & 12,300 \\\text { Accrued interest on short-term note } & 1,200 \\\text { Cash } & 6,500 \\\text { Wages payable } & 1,300 \\\text { Income taxes payable } & 1,900 \\\text { Inventory } & 10,000\end{array}$$ Based solely upon these balances,what is the quick ratio?

A) 0.76
B) 1.15
C) 0.26
D) 0.79