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Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities

Accounts payable

$ 30,000

Accounts receivable

65,000

Accrued liabilities

7,000

Cash

25,000

Intangible assets

40,000

Inventory

72,000

Long-term investments

100,000

Long-term liabilities

75,000

Marketable securities

36,000

Notes payable (short-term)

20,000

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?

2.2

3.5

3.0

1.6

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