Based on the following data, what is the quick ratio, rounded to one decimal? Accounts payable $20,000 Accounts receivable 45,000 Accrued liabilities 7,000 Cash 30,000 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) 10,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 a. 3.0 b. 5.0 c. 3.1 d. 4.9
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