Question: Given the selected financial statement data for KRJ Enterprises presented below, calculate the quick ratio. Note that all current asset accounts are listed. Present your

 Given the selected financial statement data for KRJ Enterprises presented below,

Given the selected financial statement data for KRJ Enterprises presented below, calculate the quick ratio. Note that all current asset accounts are listed. Present your answer to two decimal places. e.g. 20.00. $240 $537 $418 Cash & marketable securities Accounts receivable Inventory Other current assets Fixed assets (net) Intangible assets Long-term investments $249 $2,234 $215 $250 $853 Total current liabilities Long-term debt Other long-term liabilities Stockholders' equity $926 $163 $753

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