Balance sheet data, quick ratio and working capital

Question

Balance sheet data, quick ratio and working capital

Question 10/11:

Based on the following data, what is the quick ratio, rounded to one decimal point?

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

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