Using the Financial Statements above, what is the quick ratio for year 20x0? XYZ Corporation Balance Sheet Balance Sheet (in $millions) Assets 20x0 20x1 Current assets Cash 350 425 Accounts receivable 568 612 Inventory 820 834 Total CA 1,738 1,871 Fixed assets PP&E 6,124 6,582 Accumulated dep. 868 1,214 Net PP&E 5,256 5,368 Total Assets 6,994 7,239 Liabilities 20x0 20x1 Current liabilities Accounts payable 412 414 Notes payable 511 498 Total CL 923 912 Long-term debt 3,215 3,321 Equity Common stock 1,816 1,906 Retained earnings 1,040 1,100 Total Liability and equity 6,994 7,239   XYZ Corporation Income Statement 20x1 Income Statement (in $Millions) Sales 4,673 Cost of goods sold (1,985) Operating expense (849) Depreciation (412) Earnings before interest and taxes 1,427 Interest expense (580) Earnings before taxes 847 Taxes (250) Net income 597