Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the defensive interval ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00.
Cash & marketable securities $120
Accounts receivable $326
Inventory $404
Total other current assets $221
Fixed assets (net) $1,121
Intangible assets $194
Long-term investments $267
Sales $2,026
Cost of goods sold $1,002
Cash operating expenses $541
Depreciation expenses $377
Interest expenses $133
Gain on sale of asset $149
Tax expenses $198