Based on the data for Harding Company in Question 2, what is the quick ratio, rounded to one decimal point? 2.7 1.7 0.9 2.6 Question 5 4 Based on the following data for the current year, what is the number of days' sales in receivables? Sales on account during year $584,000 Cost of goods sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 90,000 Inventory, beginning of year Inventory, end of year 110,000 14.6 25 2.5 7.3 Based on the following data for the current year, what is the inventory turnover? Sales on account during year $700,000 Cost of goods sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 3.0 2.5 2.7 9.7 Question 7 4 pts A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will remain the same and decrease, respectively both decrease both increase increase and remain the same, respectively