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Selected financial data from Lead Company is provided below. Cash $71,000 Accounts Receivable $235,000 Inventory $280,000 Short-Term Investments $34,000 Land and Building $515,000 Current Portion

Selected financial data from Lead Company is provided below. Cash $71,000 Accounts Receivable $235,000 Inventory $280,000 Short-Term Investments $34,000 Land and Building $515,000 Current Portion of Long-Term Debt $29,000 Accounts Payable $131,000 a) Calculate the quick ratio.

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