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Privett Company Accounts payable $39,397 Accounts receivable 71,194 Accrued liabilities 6,624 Cash 24,409 Intangible assets 38,621 Inventory 77,990 Long-term investments 93,942 Long-term liabilities 73,386

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Privett Company Accounts payable $39,397 Accounts receivable 71,194 Accrued liabilities 6,624 Cash 24,409 Intangible assets 38,621 Inventory 77,990 Long-term investments 93,942 Long-term liabilities 73,386 Marketable securities 30,277 Notes payable (short-term) 25,214 Prepaid expenses 2,078 Property, plant, and equipment 695,493 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? a. 2.9 b. 14.5 c. 1.8 Od. 0.8

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