Use the Information Below for Privett Company to Answer the Questions

question 190

Multiple Choice

Use the information below for Privett Company to answer the questions that follow.
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$$\begin{array}{l}\text { Privett Company }\\\begin{array} { l r } \text { Accounts payable } & \$ 30,000 \\\text { Accounts receivable } & 35,000 \\\text { Accrued liabilities } & 7,000 \\\text { Cash } & 25,000 \\\text { Intangible assets } & 40,000 \\\text { Inventory } & 72,000 \\\text { Long-term investments } & 100,000 \\\text { Long-term liabilities } & 75,000 \\\text { Marketable securities } & 36,000 \\\text { Notes payable (short-term) } & 20,000 \\\text { Property, plant, and equipment } & 400,000 \\\text { Prepaid expenses } & 2,000\end{array}\end{array}$$
-Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?

• A) 1.7
• B) 2.9
• C) 1.1
• D) 1.0

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Definitions:

Distorted Speech

A modification of speech sounds that renders them unclear or unintelligible, often resulting from neurological disorders, hearing impairment, or environmental factors.

Wernicke Area

A region of the brain important for language comprehension, located in the posterior part of the temporal lobe, typically in the left hemisphere.

Aphasia

A condition characterized by the loss of the ability to understand or express speech, caused by brain damage.

Apraxia

A motor disorder caused by damage to the brain, in which individuals have difficulty with the motor planning to perform tasks or movements when asked, despite understanding the request and having the desire to perform the task.