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:

Crisis

A time of intense difficulty, trouble, or danger, often requiring immediate action or decision-making.

Contact Information

Details provided to facilitate communication, such as phone numbers, email addresses, and physical addresses.

Termination Messages

Communications designed to inform an employee that their employment is being ended, typically including details on the reasons and any next steps.

Personal Allegations

Claims or accusations made by an individual, often without formal evidence, regarding another's behavior or actions.