Use the information provided for Privett Company to answer the question that follow. Privett Company Accounts payable Accounts receivable Accrued liabilities Cash $30,000 35,000 7,000 25,000 40,000 72,000 100,000 75,000 20,000 400,000 2,000 36,000 Intangible assets Inventory Long-term investments Long-term liabilities Notes payable (short-term) Property, plant, and equipment Prepaid expenses Temporary investments Based on the data for Privett Company, what is the quick ratio (rounded to one decimal place)? Oa. 1.0 O b. 2.9 O c. 1.7 O d. 1.1

Use the information provided for Privett Company to answer the question that follow. Based on the data for Privett Company, what is the quick ratio (rounded to one decimal place)? 2. 2.0 b. 2.9 c. 1.7 d