Question & Answer: enz Inc. has provided the below financial information for the year 2016 Trial Balance as on…..

Benz Inc. has provided the below financial information for the year 2016 Trial Balance as on December 31, 2016 Particulars Cash Accounts Receivable Land Accumulated depreciation Accounts payable Notes payable Short-term investments Deblt ($) Credit () 150,000 350,000 342,500 680,000 230,000 50,000 Prepaid expenses Notes receivable Interest payable Plant, property and equipment Interest expense Long-term investments Common stock Retained earnings 16,000 450,000 190,000 250,000 459,000 680,000 50,000 2.172,500 2,172.500 Quick ratio for 2016 is (a) 0.92 (b) 0.91 (c) 0.90 (d) 0.96