Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $30,000 Accounts receivable 68,000 Accrued liabilities 8,000 Cash

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

Accounts payable $30,000
Accounts receivable 68,000
Accrued liabilities 8,000
Cash 31,000
Intangible assets 54,000
Inventory 79,000
Long-term investments 85,000
Long-term liabilities 118,000
Short-term Marketable securities 33,000
Fixed assets 682,000
Prepaid expenses 11,000

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