Use the information provided for Privett Company to answer the question that follow. Privett Company...
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Accounting
Use the information provided for Privett Company to answer the question 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)? a. 1.1 b. 1.7 c. 2.9 d. 1.0
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