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Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $33,000 Accounts receivable 70,000 Accrued liabilities 14,000

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Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $33,000 Accounts receivable 70,000 Accrued liabilities 14,000 Cash 35,000 Intangible assets 58,000 Inventory 69,000 Long-term investments 85,000 Long-term liabilities 104,000 Marketable securities 39,000 Fixed assets 682,000 Prepaid expenses 3,000

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