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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 $38,000

Accounts receivable 60,000

Accrued liabilities 7,000

Cash 36,000

Intangible assets 54,000

Inventory 76,000

Long-term investments 81,000

Long-term liabilities 110,000

Marketable securities 35,000

Fixed assets 676,000

Prepaid expenses 11,000

Reference no: EM133143623

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