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
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
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
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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