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Compute Quick Ratio: Requirements: From the balance sheet data, where: Quick Assets: $150,000 Current Liabilities: $60,000 Calculate the quick ratio. Express the quick ratio as

Compute Quick Ratio: Requirements:

From the balance sheet data, where:
- Quick Assets: $150,000
- Current Liabilities: $60,000
Calculate the quick ratio.
Express the quick ratio as a numerical value.
Provide the calculated quick ratio.

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