Based on the information below, what is the Quick ratio for Edward Co$.?$

EDWARD CO TRIAL BALANCE $($EXTRACT$)$

Receivables $,1,76,000$

Inventories $,20,000$

Trade payables $,61,000$

Bank overdraft $79,000$

Long term loan $,10,000$

Retained Earnings $5,000$

$1\mathrm{.}13$:$1$

$1\mathrm{.}35$:$1$

$1\mathrm{.}40$:$1$

$1\mathrm{.}26$:$1$