Based on the following data: Cash $20,000 Accounts Receivable $65,000 Marketable Securities $36,000 Inventory $72,000...
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Accounting
Based on the following data: Cash $20,000 Accounts Receivable $65,000 Marketable Securities $36,000 Inventory $72,000 Prepaid Expenses $2,000 Accounts Payable $30,000 Accrued Short-term Liabilities $7,000 Long-term Liabilities $75,000 Long-term Notes Payable $25,000 What is the quick ratio (Rounding to one decimal place)?
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