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The following balance sheet information is provided for Greene Company for Year 2: Assets Cash $ 4,200 Accounts receivable 10,350 Inventory 14,100 Prepaid expenses 900

The following balance sheet information is provided for Greene Company for Year 2:

Assets
Cash $ 4,200
Accounts receivable 10,350
Inventory 14,100
Prepaid expenses 900
Plant and equipment, net of depreciation 18,800
Land 12,700
Total assets $ 61,050
Liabilities and stockholders' equity
Accounts payable $ 2,370
Salaries payable 8,930
Bonds payable (due in ten years) 8,500
Common stock, no par 20,000
Retained earnings 21,250
Total liabilities and stockholders' equity $ 61,050

What is the company's quick (acid-test) ratio?

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