Company XYZ's has $9.21m in cash, $12.66m in account receivable, $24.31m in inventories. The company also has 6.60m in short-term loans, $11.12m in accounts payable and 6.71m in accruals and miscellaneous short-term liabilities.

What's the company's quick ratio?

Note: use decimal to express the ratio, i.e. input 0.50 instead of 50.00%.