You are the accountant for ABC Biz, a small enterprise that sells widgets.

The accounting records for the business after their first year of operations (30 June 2020) are as follows:

Sales83606

Cost of goods sold20420

Interest expense23366

Electricity expense26854

Rent expense27446

Wages expense24894

Accrued expense15357

Cash28151

Accounts receivable39639

Inventory30121

Accounts payable25374

Bank loan due 30 June 202213506

Calculate the quick ratio. Record your answer to 2 decimal places