Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $38,000 Accounts receivable 69,000 Accrued liabilities 6,000 Cash

Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $38,000 Accounts receivable 69,000 Accrued liabilities 6,000 Cash 39,000 Intangible assets 55,000 Inventory 75,000 Long-term investments 83,000 Long-term liabilities 112,000 Marketable securities 34,000 Fixed assets 682,000 Prepaid expenses 11,000.

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