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Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable $30,438 Accounts receivable

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

Privett Company
Accounts payable $30,438
Accounts receivable 68,660
Accrued liabilities 6,580
Cash 19,669
Intangible assets 43,617
Inventory 88,009
Long-term investments 106,765
Long-term liabilities 71,036
Marketable securities 31,619
Notes payable (short-term) 24,056
Property, plant, and equipment 638,454
Prepaid expenses 1,632

Select the correct answer.

A) 0.8

B) 3.4

C) 16.3

D) 2

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