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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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