25. Based on the following data, what is the accounts receivable turnover? a. 17.5 b. 15.5 c. 2.6 d. 20.0 26. Based on the data for Harding Company, what is the amount of quick assets? a. $203,000 b. $205,000 c. $131,000 d. $66,000 27. Based on the data for Harding Company, what is the amount of current assets? a. $203,000 b. $205,000 c. $131,000 d. $66,000 19. The condensed income statement for Fletcher Inc. for the past year is as follows: Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. The amount of change in profit for the current year that will result from the discontinuance of Product G is a a. $30,000 increase b. $20,000 increase c. $20,000 decrease d. $30,000 decrease 20. The Brass Works is in process of determining manufacturing overhead. Journalize the following event. The electric bill is received showing an amount due of $1,200. This meter is utilized only by production as the office spaces have their own meter. a. Miscellaneous Expense 1,200 Factory Overhead 1,200 b. Factory Overhead 1,200 Cash 1,200 c. Factory Overhead 1,200 Work in Process 1,200 d. Work in Process 1,200 Factory Overhead 1,200