Question: Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $31,000 Accounts receivable 66,000 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 66,000 Accrued liabilities 10,000 Cash 39,000 Intangible assets 53,000 Inventory 74,000 Long-term investments 90,000 Long-term liabilities 120,000 Short-term Marketable securities 38,000 Fixed assets 676,000 Prepaid expenses 2,000

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