Table:
|  | June 30,<br>2019 | June 30,<br>2018 |
| --- | --- | --- |
| Cash | $169,607 | $121,139 |
| Marketable securities | — | 1,459 |
| Total cash and marketable securities | $169,607 | $122,598 |
Paragraphs:
Liquidity and Capital Resources
The following summarizes information regarding our cash, investments, and working capital (in thousands):
Cash was $169.6 million at June 30, 2019, representing an increase of $48.5 million from $121.1 million at June 30, 2018. Cash increased primarily due to cash provided by operations of $104.9 million partially offset by cash used in investing activities of $21.8 million mainly for capital expenditures, and cash used in financing activities of $34.4 million mainly as a result of repayments of debt and repurchases of stock.
Cash was $121.1 million at June 30, 2018, representing a decrease of $9.3 million from $130.5 million at June 30, 2017. Cash and cash equivalents decreased primarily due to cash used in investing activities of $132.5 million mainly for the acquisitions of the Campus Fabric and Data Center Businesses and capital expenditures, partially offset by cash provided by financing activities of $104.7 million as a result of additional borrowings for the acquisitions and cash provided by operations of $19.0 million.
Question:
What was marketable securities as a percentage of total cash and marketable securities in 2018?
Answer: 1459/122598 = 1.19