52. A company’s balance sheet shows the following:
December 31, 2010
Current Assets
Cash and cash equivalents $ 2,950
Marketable securities 730
Notes and accounts receivable, trade 5,740
Allowance for doubtful accounts (650)
Inventories 1,320
Deferred income taxes 1,160
Other current assets 690
Total current assets $ 11,940
Current Liabilities
Accounts payable and other accrued liabilities $ 5,100
Current portion of borrowings 1,820
Other current liabilities 2,560
Total current liabilities $ 9,480
The company’s quick ratio is closest to:
A. 0.4.
B. 0.9.
C. 1.3.
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