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Question
Use the information provided for Harding Company to answer the questions that follow.
| Harding Company | |
| Accounts payable | $ 40,000 |
| Accounts receivable | 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 |
| Notes payable (short-term) | 30,000 |
| Property, plant, and equipment | 625,000 |
| Prepaid expenses | 2,000 |
| Temporary investments | 36,000 |
Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)?
a. 2.7
b. 2.6
c. 1.7
d. 0.9
Answer
This answer is hidden. It contains 1 characters.
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