The following account values are from Baker Company's balance sheet:
Cash $10,000
Accounts Receivable $5,000
Inventory $25,000
Equipment $75,000
Buildings $100,000
Short-term Liabilities $15,000
Long-term Liabilities $50,000
What is Baker's quick ratio?
a. 0.70
b. 0.42
c. 2.33
d. 1.00
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