Question: Based on the following data, what is the quick ratio, rounded to one decimal place? Accounts payable $ 32,000 Accounts receivable 64,000 Accrued liabilities 7,000

Based on the following data, what is the quick ratio, rounded to one decimal place? Accounts payable $ 32,000 Accounts receivable 64,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 35,000 Notes payable (short-term) 25,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000

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