Question

Look at the following summary of ABC Inc.’s accounts on December 31, 2012.
current liabilities: $25,000
total assets: $3,00,000
investments: $75,000
total liabilities: $80,000
net income (after tax): $100,000
current assets: $55,000
inventory: $5,000.

Calculate the quick ratio.
1 : 1
3 : 1
1 : 2
2 : 1
2 : 3