Thyre Inc. has $$500$ in current liabilities and $$800$ in current assets. Its initial

inventory level is $$100,$ and it plans to alter notes payable account $($balance$)$ and

affect the level of inventory in the same amount and direction. Whatever policy or

strategy to be followed regarding the new levels of notes payable and inventory, the

resulting current ratio must be equal to $3\mathrm{.}0.$

What will be the firm's quick ratio after Thyre implements these policies? For your

answer, round to the nearest $0\mathrm{.}01.$ Do not use the dollar $($$$)$ sign. Do not use comma

to separate thousands.

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