A Company with a Quick Ratio of 1

A company with a quick ratio of 1.23 means that the company:

A) has $1.00 in quick assets for every $1.23 in current liabilities.
B) has $1.23 in quick assets for every $1.00 in current liabilities.
C) could not pay off all of its current liabilities using quick assets.
D) would have to use inventory to help pay off its current liabilities.
E) has $1.23 in current assets for every $1.00 in current liabilities.