Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $40,000 Accounts receivable 61,000 Accrued liabilities 14,000 Cash

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

Accounts payable $40,000
Accounts receivable 61,000
Accrued liabilities 14,000
Cash 35,000
Intangible assets 55,000
Inventory 70,000
Long-term investments 89,000
Long-term liabilities 106,000
Marketable securities 31,000
Fixed assets 690,000
Prepaid expenses 10,000

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