Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? $416,595 220,134 41,351 Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year 50,115 34,658 42,130 a. 10.9 b. 16.6 c. 5.7 d. 4.7 When you are interpreting financial ratios, it is useful to compare a company's ratios to the same ratios from a prior period or to the ratios of another company in the same industry. True a False Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable Accounts receivable $30,004 65,264 Accrued liabilities 6,994 Cash 23,935 Intangible assets 42,417 86,643 115,402 70,966 Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment 36,536 25,843 626,790 Prepaid expenses 2,550 Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point? a. 1 b. 15.9 Oc. 2 d. 3.4