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A company has $56,000 in cash, $12,000 in accounts receivable, $25,000 in shortterm investments, and $100,000 in merchandise inventory. The company also has $60,000 in

A company has $56,000 in cash, $12,000 in accounts receivable, $25,000 in shortterm investments, and $100,000 in merchandise inventory. The company also has $60,000 in current liabilities. What is the company's quick ratio (rounded to the nearest hundredth)? Please show equations, thanks.

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