Privett Company Accounts payable $25,706 Accounts receivable 69,080 Accrued liabilities 6,802 Cash 24,669 Intangible assets 39,621 Inventory 80,854 Long-term investments 102,077 Long-term liabilities 71,722 Marketable securities 31,454 Notes payable (short-term) 20,574 Property, plant, and equipment 695,319 Prepaid expenses 2,739 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? a.19.7 b.3.9 c.2.4 d.1.1

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Privett Company
Accounts payable $25,706
Accounts receivable 69,080
Accrued liabilities 6,802
Cash 24,669
Intangible assets 39,621
Inventory 80,854
Long-term investments 102,077
Long-term liabilities 71,722
Marketable securities 31,454
Notes payable (short-term) 20,574
Property, plant, and equipment 695,319
Prepaid expenses 2,739

Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?

a.19.7
b.3.9
c.2.4
d.1.1
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