A firm has current liabilities of $250, a current ratio of 1.2, and quick ratio (or acid test) ratio of 0.80. Compute the level of inventory for this firm. [HINT: Use this definition: Inventory = (current assets) - (QR)(CL) where current assets = CA = (CR)(CL).]
A. $45
B. $100
C. $150
D. $200