The December 31, 2019, Balance Sheet of Simon Company Includes

The December 31, 2019, balance sheet of Simon Company includes the following information:
Cash $ 120,000
Short-term Investments 60,000
Accounts Receivable 340,000
Inventory 360,000
Prepaid Expenses 80,000
Current Liabilities 300,000
Total Liabilities 1,200,000
What is Simon's quick ratio at December 31, 2019?

A) 0.89
B) 2.42
C) 1.73
D) 1.56