Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $31,000 Accounts receivable 61,000 Accrued liabilities 10,000 Cash

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

Accounts payable $31,000
Accounts receivable 61,000
Accrued liabilities 10,000
Cash 36,000
Intangible assets 60,000
Inventory 75,000
Long-term investments 84,000
Long-term liabilities 120,000
Marketable securities 37,000
Fixed assets 688,000
Prepaid expenses 1,000

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