Question Content Area

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

Harding Company
Accounts payable	$26,535
Accounts receivable	61,495
Accrued liabilities	6,720
Cash	18,109
Intangible assets	38,495
Inventory	88,787
Long-term investments	119,894
Long-term liabilities	71,484
Notes payable (short-term)	20,125
Property, plant, and equipment	636,540
Prepaid expenses	1,510
Temporary investments	31,120

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

a. 0.9

b. 2.1

c. 18.7

d. 3.8