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JKL Corp. has $6,500,000 in cash, $7,000,000 in accounts receivable, $1,500,000 in inventory, $32,000,000 in total assets, $12,000,000 in shareholder equity, and $8,500,000 in long-term
JKL Corp. has $6,500,000 in cash, $7,000,000 in accounts receivable, $1,500,000 in inventory, $32,000,000 in total assets, $12,000,000 in shareholder equity, and $8,500,000 in long-term liabilities. How much is the firms Quick Ratio?
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