J.C.Penny's total quick assets were $5,888 million.Its current assets were $11,700.Its current liabilities were $8,000.The acid-test ratio is:

Name: J.C.Penny's total quick assets were $5,888 million.Its current assets were $11,700.Its current liabilities were $8,000.The acid-test ratio is:
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Quick assets = $5,888 millionCurrent assets = $11,700 millionCurrent liabilities = $8,000 millionAcid-test ratio = Quick assets / Current liabilities= $5,888 million / $8,000 million= 0.74

JCPenny's Total Quick Assets Were $5,888 Million