Based on the following data for Privett Company, what is the quick ratio, rounded to one...

 

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Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $33,459 68,329 6,531 24,533 44,931 84,580 116,617 77,126 35,238 26,067 663,783 1,859 Based on the following data for Privett Company, what is the quick ratio, rounded to one decimal point? Privett Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $33,459 68,329 6,531 24,533 44,931 84,580 116,617 77,126 35,238 26,067 663,783 1,859

Answer rating: 100% (QA)

We can calculate the quick ratio as follows Quick Assets Cash Acc... View the full answer