Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $36,000 Accounts receivable 64,000 Accrued liabilities 7,000 Cash

Based on the following data, what is the quick ratio, rounded to one decimal point?

Accounts payable $36,000
Accounts receivable 64,000
Accrued liabilities 7,000
Cash 31,000
Intangible assets 56,000
Inventory 72,000
Long-term investments 82,000
Long-term liabilities 100,000
Marketable securities 36,000
Fixed assets 690,000
Prepaid expenses 8,000

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