Privett CompanyAccounts payable$26,195Accounts receivable62,336Accrued liabilities6,328Cash23,939Intangible assets37,985Inventory74,958Long-term investments107,215Long-term liabilities74,188Marketable securities32,601Notes payable (short-term)26,240Property, plant, and equipment660,621Prepaid expenses1,525Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?Oa. 2Оb. 17Ос. 1Od. 3.3

Name: Privett CompanyAccounts payable$26,195Accounts receivable62,336Accrue
Uploaded: 2022-11-18T00:26:54.000Z
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Description: Privett CompanyAccounts payable$26,195Accounts receivable62,336Accrued liabilities6,328Cash23,939Intangible assets37,985Inventory74,958Long-term investments107,215Long-term liabilities74,188Marketable securities32,601Notes payable (short-term)26,240

Quick assets = Accounts Receivable + Cash + Marketable securities = $62336+23939+32601 = $118,876…

Business

Accounting

Privett Company Accounts payable $26,195 Accounts receivable 62,336 Accrued liabilities 6,328 Cash 23,939 Intangible assets 37,985 Inventory 74,958 Long-term investments 107,215 Long-term liabilities 74,188 arketable securities 32,601 Notes payable (short-term) 26,240 Property, plant, and equipment 660,621 Prepaid expenses 1,525 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? Oa. 2 Оb. 17 Ос. 1 Od. 3.3

Privett Company Accounts payable $26,195 Accounts receivable 62,336 Accrued liabilities 6,328 Cash 23,939 Intangible assets 37,985 Inventory 74,958 Long-term investments 107,215 Long-term liabilities 74,188 arketable securities 32,601 Notes payable (short-term) 26,240 Property, plant, and equipment 660,621 Prepaid expenses 1,525 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? Oa. 2 Оb. 17 Ос. 1 Od. 3.3

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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