Privett Co Line Item Description Amount Accounts payable $25,053 Accounts receivable 70,409 Accrued liabilities 6,881 Cash 20,738 Intangible assets 35,730 Inventory 87,924 Long-term investments

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Privett Co

Line Item Description Amount
Accounts payable $25,053
Accounts receivable 70,409
Accrued liabilities 6,881
Cash 20,738
Intangible assets 35,730
Inventory 87,924
Long-term investments 102,683
Long-term liabilities 75,371
Marketable securities 39,958
Notes payable (short-term) 26,323
Prepaid expenses 2,989
Property, plant, and equipment 608,659

Based on the data for Privett Co, what is the quick ratio, rounded to one decimal point?

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