Use the information below for Harding Company to answer the question that follow.

1. Harding Company
   Accounts payable	$36,371
   Accounts receivable	70,470
   Accrued liabilities	6,949
   Cash	17,536
   Intangible assets	39,488
   Inventory	86,515
   Long-term investments	91,625
   Long-term liabilities	79,856
   Marketable securities	38,698
   Notes payable (short-term)	24,808
   Property, plant, and equipment	608,944
   Prepaid expenses	2,205

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

   a. 1.9

   b. 0.8

   c. 14

   d. 3.2

Answer rating: 100% (QA)

Answer Option A 19 Explanation Quick Ratio Current Assets Current Liabilities C... View the full answer