Calculate quick ratio The following information is derived from the financial statements prepared by the city of Tallahassee, Florida for the fiscal year ended September 30, 2016. the data is for the General Fund, condensed to reduce the number of captions (but not the totals), and is expressed in thousands of dollars. Balance Sheet Assets Cash and cash equivalents Due from other governments All other assets $36,308 10,504 2,041 $48,853 Total assets Liabilities and Fund Balance Total liabilities Fund balance Nonspendable Committed Assigned Unassigned Total fund balance $13,066 1,513 25,251 2,479 6,544 35,787 $48,853 Total liabilities and fund balance Statement of Revenues, Expenditures, and Changes in Fund Balances Total revenues Total expenditures Excess of revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Proceeds from sale of capital assets Total other financing sources (uses) Net change in fund balance Fund balance, October 1,2015 Fund balance, September 30, 2016 $111,484 137,936 (26,452) 46,532 (19,412) 5,370 32,490 6,038 29,749 $35,787 Calculate the city of Tallahassee's quick ratio. Round answer to one decimal place 2.9 X Check