Use the Following Information, as Appropriate, to Compute Leo Village's

Use the following information, as appropriate, to compute Leo Village's quick ratio for its General Fund: Cash - $2,000,000; Cash equivalents - $1,000,000; Short-term investments $400,000; Property taxes receivable - $500,000; Inventory - $420,000; Current liabilities - $2,800,000; Operating expenses other than depreciation - $6,000,000; Operating expenses - depreciation $1,000,000

A) 1.5
B) 1.4
C) 1.2
D) 1.1