Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts

Question

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

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