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What is the quick ratio

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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

Reference no: EM133129802

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