Question: Based on the following data, what is the quick ratio, rounded to one decimal place? Account Amount Accounts payable $34,000 Accounts receivable 55,000 Accrued liabilities

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

Account Amount
Accounts payable $34,000
Accounts receivable 55,000
Accrued liabilities 4,000
Cash 55,000
Fixed assets 670,000
Intangible assets 50,000
Inventory 65,000
Long-term investments 80,000
Long-term liabilities 100,000
Prepaid expenses 1,000
Temporary investments 110,400

a.1.4

b.2.9

c.5.8

d.7.9

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