Using the Financial Statements above, what is the quick ratio for year 20x0? XYZ Corporation Balance Sheet Balance Sheet (in $millions) Assets 20x0 20x1 Current assets Cash 350 425 Accounts receivable 568 612 Inventory 820 834 Total CA 1,738 1,871 Fixed assets PP&E 6,124 6,582 Accumulated dep. 868 1,214 Net PP&E 5,256 5,368 Total Assets 6,994 7,239 Liabilities 20x0 20x1 Current liabilities Accounts payable 412 414 Notes payable 511 498 Total CL 923 912 Long-term debt 3,215 3,321 Equity Common stock 1,816 1,906 Retained earnings 1,040 1,100 Total Liability and equity 6,994 7,239   XYZ Corporation Income Statement 20x1 Income Statement (in $Millions) Sales 4,673 Cost of goods sold (1,985) Operating expense (849) Depreciation (412) Earnings before interest and taxes 1,427 Interest expense (580) Earnings before taxes 847 Taxes (250) Net income 597  Single choice