An Airways had the following balance sheet items in 2019:

Cash = 1,000,000 KD

Notes payable = 150,000 KD

Accounts payable = 450,000 KD

Inventory = 3,000,000 KD

Accounts receivable = 105537 KD

Accrued expenses = 500,000 KD

Property, plant and equipment = 7,000,000 KD

Calculate the quick ratio of Kuwait Airways in 2019. Show your steps and explain your result.

2 decimals are required. Example, if the answer is 1.2598 then round up to 1.26.