Young Company has the following assets and liabilities: 
Determine the quick ratio (rounded to one decimal point) .
Definitions:
Asset Management Ratios
Financial metrics that evaluate how efficiently a company utilizes its assets to generate revenue.
Generate Sales
The act of creating revenue for a company or business entity through the selling of goods or services.
Financial Leverage
Utilization of debt to expand the potential profitability of an investment.
Times Interest Earned
A financial ratio that measures a company’s ability to meet its interest payments on outstanding debt.
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