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Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $29,964 Accounts receivable 62,715 Accrued liabilities 6,308 Cash
Use the information below for Harding Company to answer the question that follow.
Harding Company | |
Accounts payable | $29,964 |
Accounts receivable | 62,715 |
Accrued liabilities | 6,308 |
Cash | 22,594 |
Intangible assets | 41,744 |
Inventory | 77,731 |
Long-term investments | 98,503 |
Long-term liabilities | 76,661 |
Marketable securities | 33,078 |
Notes payable (short-term) | 28,227 |
Property, plant, and equipment | 636,224 |
Prepaid expenses | 2,042 |
Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point?
a.0.9
b.1.8
c.15.1
d.3.1
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