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What is the quick ratio rounded to one decimal point

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Question - Given

Accounts payable - $ 40,000

Accounts receivable - 65,000

Accrued liabilities - 7,000

Cash - 30,000

Intangible assets - 40,000

Inventory - 72,000

Long-term investments - 110,000

Long-term liabilities - 75,000

Marketable securities - 36,000

Notes payable (short-term) - 30,000

Property, plant, and equipment - 625,000

Prepaid expenses - 2,000

Based on the above data, what is the quick ratio, rounded to one decimal point?

Reference no: EM131961870

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