Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Privett Company Accounts payable $36,563 Accounts receivable 63,682 Accrued liabilities 6,213 Cash 21,606 Intangible assets 36,934 Inventory 82,815 Long-term investments 110,937 Long-term liabilities 79,289 Marketable
Privett Company Accounts payable $36,563 Accounts receivable 63,682 Accrued liabilities 6,213 Cash 21,606 Intangible assets 36,934 Inventory 82,815 Long-term investments 110,937 Long-term liabilities 79,289 Marketable securities 30,487 Notes payable (short-term) 20,176 Property, plant, and equipment 620,622 Prepaid expenses 2,874 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?
a.1.8 b.15.4 c.0.8 d.3.2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started