Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable
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Question:
Based on the following data, what is the quick ratio, rounded to one decimal point?
Accounts payable | $31,000 |
Accounts receivable | 61,000 |
Accrued liabilities | 10,000 |
Cash | 36,000 |
Intangible assets | 60,000 |
Inventory | 75,000 |
Long-term investments | 84,000 |
Long-term liabilities | 120,000 |
Marketable securities | 37,000 |
Fixed assets | 688,000 |
Prepaid expenses | 1,000 |
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