Harding Company Line Item Description Amount Accounts payable $40,000 Accounts receivable 65,000 Accrued liabilities 7,000...
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Harding Company Line Item Description Amount Accounts payable $40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Prepaid expenses 2,000 Property, plant, and equipment 625,000 Based on the data for Harding Company, what is the quick ratio? a. 0.9 b. 2.6 c. 1.7 d. 2.7
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