Harding Company Accounts payable Accounts receivable $40,000 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Prepaid expenses Property, plant, and equipment 2,000 625,000 Based on the data for Harding Company, what is the quick ratio? a. 0.9 b. 1.7 c. 2.7 d. 2.6

Harding Company Accounts payable Accounts receivable $40,000 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Prepaid expenses Property, plant, and equipment 2,000 625,000 Based on the data for Harding Company, what is the quick ratio? a. 0.9 b. 1.7 c. 2.7 d. 2.6

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What are the rules for SSARS engagements in terms of standards?
What is a MIS report, why is it prepared?
Distinguish between participating or nonparticipating?
How is the process of the NPW measure implemented with the decision rule?
Explain the concepts and principles which underlie the SMEs standard