Use the financial information for Illinois Tool Works (ticker: ITW) shown below. Due to a sudden global economic crisis (i.e., the COVID Crisis) you are concerned that ITW might not be able to sell their current inventory at expected prices. What is their Quick Ratio? State your answer with two decimal places of accuracy.

Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Income Statement USD $ Sin Millions - (I 12 Mont trded Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 $ $ $ 5 $ $ $ $ $ 5 $ $ 1.9815 1,504 $ 3,034 2.628 1.164 1.318 5 1.220 2005 334 3:36 551 $ 6,250 $ 5,778 7.278 1.7295 1,791 1.778 4,633 4.752 8515 1,084 $ 1.272 516 $ 554 $505 1.2275 1.0305 1.195 15,0685 14,870 $ 16.780 Operating Revenue $ 141095 147685 14314 Cost of me 5.1575 604 5 306 Selling administrative, and r&d expenses $ 2.3615 2.391 S 2.412 Legal settlement income 195) Amortization & Impairment of intangible assets 5 & S159 1895 205 Operating income $ 3.4025 3.5845 3.45 best expense $ 1221) (257) (260) Other income pense 107 $ 67 income Before Taxes $ 3.2885 3.3945 3.270 Income taxes $ 767 8335 1583 Net income 5 2.5215 2.5635 1687 Net Income Per Share Basic in dollars per share) $ $ $ 5 Diluted in dollars per sharel 5 5 5 45 $ s 4725 S 1.2175 5 3425 $ 48$ Balance Sheet - USD ISIS in Million - Current Assets Cash and equivalents Accounts receivables Inventories Prepaid expenses and other current assets Assets held for sale Total current assets Niet plant and equipment Goodwill Inhable assets Deferred income Others Total Assets Current Liabilities: Short-term debt Accounts payable Accrued expenses Cashdvidends payable Income taxes payable Liabilities held for sale Total current abilities Noncurrent Liabilities: Long-term debet Deferred income taxes Noncurrent income taxes payable Total noncurrent liabilities Total liabilities Stockholders'uty Common Stock Additional paid in capital Retained earnings Common stock held in treasury Accumulated other comprehensive income (los) Noncontrolling interest Total stockholders' equity Total abilities and stockholders' equity 1.3515 350 5245 590 1,271 1.25 3285 266 68 $ 89 Stock Price of 12/31/10 $ 178:57 : $ $ 2.1545 3.5425 3.053 6,029 707 4955 7.478 164 614 $ 5 $ 5 $ $ 7,794 6685 4625 1.000 $ 9,884 12.0385 8,070 $ 11,6125 9.138 12.191 $ $ 65 1.3045 22.4035 118.98215 1.055 65 6 1,2555 1.218 21.2175 20,210 117.545) $15.5621 (1.6775 (1.2871 5 $ 5 $ 5 3,030 5 15 0685 3.258 14,570 S 4.589 16.780