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

Harding Company Accounts payable $28,162. Accounts receivable 70,005. Accrued liabilities 6,062. Cash 23,687. Intangible assets 38,756. Inventory 82,196. Long-term investments 110,495. Long-term liabilities 73,502. Marketable securities 33,198. Notes payable (short-term) 29,982. Property, plant, and equipment 685,824. Prepaid expenses 2,849. Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point?

a. 3.3

b. 16.3

c. 0.9

d. 2