Answer:
0.82
Explanation:
Quick ratio is computed as
= Quick assets / Current liabilities
Quick assets = cash and cash equivalents + marketable securities + Account receivables
Current liabilities = Bills payable + Accounts payable + Other short term payable
With regards to the above,
Quick assets given = Cash and accounts receivables ; account payables only for current liabilities
Quick ratio = $240 + $860 / $1,335
Quick ratio = $1,100 / $1,335
Quick ratio = 0.82
So, quick ratio for 2017 is 0.82
