The following is a partial list of account balances from the books of Probst Enterprise at the end of 2010: Accounts payable $20,500 Accounts receivable 12,300 Accrued interest on short-term note 1,200 Cash 6,500 Wages payable 1,300 Income taxes payable 1,900 Inventory 10,000 Based solely upon these balances, what is the quick ratio? (no answer)
A. 0.76
B. 1.15
C. 0.26
D. 0.79
