Based on the Following Data, What Is the Quick Ratio

Multiple Choice

Based on the following data, what is the quick ratio, rounded to one decimal place? $\begin{array}{ll}\$ 32,000 & \text { Accounts payable } \\64,000 & \text { Accounts receivable } \\7,000 & \text { Accrued liabilities } \\20,000 & \text { Cash } \\40,000 & \text { Intangible assets } \\72,000 & \text { Inventory } \\100,000 & \text { Long-term investments } \\75,000 & \text { Long-term liabilities } \\35,000 & \text { Marketable securities } \\25,000 & \text { Notes payable (short-term) } \\625,000 & \text { Property, plant, and equipment } \\2,000 & \text { Prepaid expenses }\end{array}$

A) 3.2
B) 2.1
C) 1.9
D) 1.4