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Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $33,234 Accounts receivable 67,995 Accrued liabilities 6,510 Cash 22,738 Intangible assets 35,347 Inventory 83,390 Long-term investments 101,069 Long-term liabilities 79,156 Notes payable (short-term) 27,161 Property, plant, and equipment 689,074 Prepaid expenses 2,037 Temporary investments 30,842 Based on the data for Harding Company, what is the quick ratio

Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $33,234 Accounts receivable 67,995 Accrued liabilities 6,510 Cash 22,738 Intangible assets 35,347 Inventory 83,390 Long-term investments 101,069 Long-term liabilities 79,156 Notes payable (short-term) 27,161 Property, plant, and equipment 689,074 Prepaid expenses 2,037 Temporary investments 30,842 Based on the data for Harding Company, what is the quick ratio

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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    Use the information provided for Harding Company to answer the question that follow.

    Harding Company
    Accounts payable $33,234
    Accounts receivable 67,995
    Accrued liabilities 6,510
    Cash 22,738
    Intangible assets 35,347
    Inventory 83,390
    Long-term investments 101,069
    Long-term liabilities 79,156
    Notes payable (short-term) 27,161
    Property, plant, and equipment 689,074
    Prepaid expenses 2,037
    Temporary investments 30,842

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

    a.3.1
    b.0.8
    c.1.8
    d.15.4
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