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Given the following Balance Sheets and the Income Statement for Leo Construction, find out: Current assets Cash and cash equivalents Account receivables Costs & recogid earnings in excess of billings Inventories Notes payable and notes of credit Leo Construction Balance Sheet 3/28/2020 Common stock Retained earnings Total net worth Total liabilities and net worth $ 280,492 $ 314,219 $ 40,586 Notes receivable Prepaid expenses Other current assets Total current assets Noncurrent assets Property, plant, and equipment Less accumulated depreciation Property, plant, and equipment, net Other noncurrent assets $ 178,544 Total noncurrent assets $ 543,703 Total assets $1,220,423 Current liabilities: $ $ 22,548 $ 6,621 $ 12,254 $ 676,720 $ 421,287 $ (56,128) $365,159 $ 15,514 $ 348,004 $ 29,733 counts payable Accrued expenses Billings in excess of costs & recogid earnings $ 5,218 Other current liabilities $ 25,438 Total current liabilities $ 523,907 $ 153,215 Long-term liabilities Total liabilities Net Worth: $ 677,122 $ 20,000 $ 523,301 $ 543,301 $1,220,423 6/30/2020 $ 43,462 $398,256 $ 28,763 $ $ 18,794 $ 5,121 $ 9,992 $504,388 $ 421,687 $ (112,256) $ 309,431 $ 173,526 $482,957 $987,345 $ 34,516 $310,756 $ 30,771 $ $ 27,893 $413,718 $ 128,110 $541,828 6,782 $ 20,000 $425,517 $445,517 $ 987,345 9/30/2020 $ 86,543 $ 383,984 $ 31,227 $ $ 12,632 $ 5,012 $ 9,712 $ 529,110 $ 465,248 $ (147,623) $ 317,625 $ 182,110 $ 499,735 $ 1,028,845 $ 40,228 $ 294,557 27,884 $ $ 9,938 $ 32,198 544,805 $ $ $ 109,287 654,092 12/31/2020 $ 174,254 $ 460,138 $ 37,234 $ $ $ $ $ 686,676 6,825 8,225 $ 467,248 $ (182,990) $ 284,258 $ 171,256 $ 455,514 $1,142,190 $ 45,250 $ 246,839 $ 27,914 $ 11,562 $ 35,648 $ 369,213 $ 99,073 $ 468,286 $ 20,000 $ 354,753 $ 374,753 $ 1,028,845 $1,142,190 $ 20,000 $ 653,904 $ 673,904 * What is the quick ratio for the third quarter of 2020? (keep two decimal places)

Given the following Balance Sheets and the Income Statement for Leo

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