Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $30,000 Accounts receivable 55,000 Accrued liabilities 5,000 Cash

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

Accounts payable $30,000
Accounts receivable 55,000
Accrued liabilities 5,000
Cash 30,000
Intangible assets 50,000
Inventory 69,000
Long-term investments 80,000
Long-term liabilities 100,000
Marketable securities 30,000
Fixed assets 670,000
Prepaid expenses 1,000

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