Privett Company Accounts payable $25,346 Accounts receivable 66,175 Accrued liabilities 6,346 Cash 15,852 Intangible assets 44,537 Inventory 89,738 Long-term investments 100,624 Long-term liabilities 74,400 Marketable securities 30,349 Notes payable (short-term) 28,107 Property, plant, and equipment 693,406 Prepaid expenses 1,197 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? a.1.9 b.0.8 c.17.4 d.3.4
Privett Company Accounts payable $25,346 Accounts receivable 66,175 Accrued liabilities 6,346 Cash 15,852 Intangible assets 44,537 Inventory 89,738 Long-term investments 100,624 Long-term liabilities 74,400 Marketable securities 30,349 Notes payable (short-term) 28,107 Property, plant, and equipment 693,406 Prepaid expenses 1,197 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? a.1.9 b.0.8 c.17.4 d.3.4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Privett Company | |
Accounts payable | $25,346 |
66,175 | |
Accrued liabilities | 6,346 |
Cash | 15,852 |
Intangible assets | 44,537 |
Inventory | 89,738 |
Long-term investments | 100,624 |
Long-term liabilities | 74,400 |
Marketable securities | 30,349 |
Notes payable (short-term) | 28,107 |
Property, plant, and equipment | 693,406 |
Prepaid expenses | 1,197 |
Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?
a.1.9
b.0.8
c.17.4
d.3.4
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