Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $37,895 Accounts receivable 69,212 Accrued liabilities 6,543 Cash 17,127 Intangible assets 36,451 Inventory 78,770 Long-term investments 99,442 Long-term liabilities 72,027 Marketable securities 39,229 Notes payable (short-term) 24,334 Property, plant, and equipment 693,814 Prepaid expenses 1,182 Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point? a.3 b.15.1 c.0.8 d.1.8

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the information below for Harding Company to answer the question that follow.

Harding Company
Accounts payable $37,895
Accounts receivable 69,212
Accrued liabilities 6,543
Cash 17,127
Intangible assets 36,451
Inventory 78,770
Long-term investments 99,442
Long-term liabilities 72,027
Marketable securities 39,229
Notes payable (short-term) 24,334
Property, plant, and equipment 693,814
Prepaid expenses 1,182

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

a.3
b.15.1
c.0.8
d.1.8
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