Use the information provided for Privett Company to answer the questions that follow.

Privett Company

Accounts payable $ 30,000

Accounts receivable 35,000

Accrued liabilities 7,000

Cash 25,000

Intangible assets 40,000

Inventory 72,000

Long-term investments 100,000

Long-term liabilities 75,000

Notes payable (short-term) 20,000

Property, plant, and equipment 400,000

Prepaid expenses 2,000

Temporary investments 36,000

Based on the data for Privett Company, what is the quick ratio (rounded to one decimal place)?