Based on the following data, what is the quick ratio, rounded to one decimal point?Accounts...
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Based on the following data, what is the quick ratio, rounded to one decimal point?Accounts payable $ 30,000Accounts receivable 60,000Accrued liabilities 5,000Cash 40,000Fixed assets 670,000Intangible assets 50,000Inventory 69,000Long-term investments 80,000Long-term liabilities 100,000Prepaid expenses 1,000Temporary investments 30,000a. 3.7b. 2.9c. 4.3d. 5.1
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