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The following data were abstracted from the 2017 December 31 Balance sheet Cash $136,000 Short term investments 64,000 Accounts receivable 184,000 Inventory 244,000 Prepaid Expenses

The following data were abstracted from the 2017 December 31 Balance sheet

Cash $136,000

Short term investments 64,000

Accounts receivable 184,000

Inventory 244,000

Prepaid Expenses 12,000

Accounts Payable (all due within 1 year) 256,000

Other Short Term Liabilities 64,000

Bonds payable, long term 400,000

The quick ratio is?

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