Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Harding Company Accounts payable $33,921 Accounts receivable 72,543 Accrued liabilities 6,512 Cash 22,575 Intangible assets 44,054 Inventory 84,505 Long-term investments 94,056 Long-term liabilities 77,955 Marketable
Harding Company | |
Accounts payable | $33,921 |
Accounts receivable | 72,543 |
Accrued liabilities | 6,512 |
Cash | 22,575 |
Intangible assets | 44,054 |
Inventory | 84,505 |
Long-term investments | 94,056 |
Long-term liabilities | 77,955 |
Marketable securities | 38,878 |
Notes payable (short-term) | 26,521 |
Property, plant, and equipment | 663,428 |
Prepaid expenses | 2,263 |
Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point?
a.2
b.15.3
c.3.3
d.0.9
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started