The Ivy Corporation shows the following data: Current assets:                                                                                                                                                                                                                                                                             $480,000 Current liabilities:                                                                                                                                                                                                                                                                                                                                       $210,000 Inventory:                                                                                                                                                                                                                                                                                                                                                    $50,000 Calculate the quick ratio for the Ivy Corporation.                                                                                                                                                                                                                                                                                        (Round to two decimal places.)

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