1. The Fairfield Company has total assets of $73,360, fixed assets of $40,800, a current ratio of 1:15 times, and long-term liabilities of $34,960. What are the company's current liabilities?
a: $22,470 b: $28,313 c: $28,697 d: $30,575
2. ?The inventory for the Fairfield Company is $24,300. What is the quick ratio?
a: 0.29 b: 0.45 c: 0.68 d: 0.78