Use the information provided for Privett Company to answer the questions that follow.

Privett Company
Accounts payable	$ 30,000
Accounts receivable	35,000
Accrued liabilities	7,000
Cash	25,000
Intangible assets	40,000
Inventory	72,000
Long-term investments	100,000
Long-term liabilities	75,000
Notes payable (short-term)	20,000
Property, plant, and equipment	400,000
Prepaid expenses	2,000
Temporary investments	36,000

Based on the data for Privett Company, what is the quick ratio (rounded to one decimal place)?

List of Answers:

1.1

1.0

2.9

1.7