X CengageNOWv2 | Online teachin X + ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $32,558 Accounts receivable 60,589 Accrued liabilities 6,279 Cash 21,662 Intangible assets 44,020 Inventory 81,454 Long-term investments. 97,693 Long-term liabilities 79,992 Notes payable (short-term) 27,484 Property, plant, and equipment 699,362 Prepaid expenses 2,375 37,009 Temporary investments Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)? Oa. 15.7 Ob. 0.9 Oc. 1.8 Od. 3.1 OL C < H % 5 6 & 7 sk 8
X CengageNOWv2 | Online teachin X + ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $32,558 Accounts receivable 60,589 Accrued liabilities 6,279 Cash 21,662 Intangible assets 44,020 Inventory 81,454 Long-term investments. 97,693 Long-term liabilities 79,992 Notes payable (short-term) 27,484 Property, plant, and equipment 699,362 Prepaid expenses 2,375 37,009 Temporary investments Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)? Oa. 15.7 Ob. 0.9 Oc. 1.8 Od. 3.1 OL C < H % 5 6 & 7 sk 8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:X
CengageNOWv2 | Online teachin X +
.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress
Use the information provided for Harding Company to answer the question that follow.
Harding Company
Accounts payable
$32,558
Accounts receivable
60,589
Accrued liabilities
6,279
Cash
21,662
Intangible assets
44,020
Inventory
81,454
Long-term investments
97,693
79,992
Long-term liabilities
Notes payable (short-term)
27,484
699,362
Property, plant, and equipment
2,375
Prepaid expenses
37,009
Temporary investments
Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)?
Oa. 15.7
Ob. 0.9
Oc. 1.8
Od. 3.1
L
$
H
%
5
6
a
&
7
8
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