Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $33,000 Accounts receivable 70,000 Accrued liabilities 14,000

Based on the following data, what is the quick ratio, rounded to

Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $33,000 Accounts receivable 70,000 Accrued liabilities 14,000 Cash 35,000 Intangible assets 58,000 Inventory 69,000 Long-term investments 85,000 Long-term liabilities 104,000 Marketable securities 39,000 Fixed assets 682,000 Prepaid expenses 3,000

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