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Privett Company Accounts payable $30,862 Accounts receivable 63,992 Accrued...

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Accounting

Privett Company
Accounts payable $30,862
Accounts receivable 63,992
Accrued liabilities 6,576
Cash 16,642
Intangible assets 41,791
Inventory 70,862
Long-term investments 104,388
Long-term liabilities 70,670
Marketable securities 30,749
Notes payable (short-term) 28,251
Property, plant, and equipment 686,349
Prepaid expenses 1,700

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

a.1.7

b.0.7

c.15.5

d.2.8

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