The Crafter Company Has the Following Assets and Liabilities Determine the Quick Ratio Rounded to One Decimal Point

The Crafter Company has the following assets and liabilities:
$\begin{array}{|l|r|}\hline \text { ASSETS }\\\hline \text { Cash } & \$ 28,000 \\\hline \text { Accounts receivable } & 15,000 \\\hline \text { Inventory } & 20,000 \\\hline \text { Equipment } & 50,000\\\hline \\\hline \text { LIABILITIES }\\\hline \text { Current portion of long-term debt } & 10,000 \\\hline \text { Accounts payable } & 2,000 \\\hline \text { Long-term debt } & 25,000\\\hline \end{array}$
Determine the quick ratio rounded to one decimal point.

A) 5.3
B) 3.6
C) 3.3
D) 2.3