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What is the quick ratio for Elise Catering Services, rounded to one decimal point based on the following data. Accounts payable $ 30,000 Accounts receivable

What is the quick ratio for Elise Catering Services, rounded to one decimal point based on the following data.

Accounts payable

$ 30,000

Accounts receivable

65,000

Accrued liabilities

7,000

Cash

20,000

Intangible assets

40,000

Inventory

72,000

Long-term investments

100,000

Long-term liabilities

75,000

Marketable securities

36,000

Notes payable (short-term)

20,000

Property, plant, and equipment

625,000

Prepaid expenses

2,000

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