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What is the quick ratio, rounded to one decimal point

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    Assignment ID: FG133135505

    Question – Based on the following data, what is the quick ratio, rounded to one decimal point?

    Accounts payable $31,000

    Accounts receivable 70,000

    Accrued liabilities 12,000

    Cash 32,000

    Intangible assets 60,000

    Inventory 72,000

    Long-term investments 85,000

    Long-term liabilities 108,000

    Marketable securities 38,000

    Fixed assets 670,000

    Prepaid expenses 1,000

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