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

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Accounting

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

Harding Company
Accounts payable $37,620
Accounts receivable 73,878
Accrued liabilities 6,176
Cash 19,489
Intangible assets 35,380
Inventory 71,799
Long-term investments 91,279
Long-term liabilities 70,516
Notes payable (short-term) 23,666
Property, plant, and equipment 693,672
Prepaid expenses 2,542
Temporary investments 33,896

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

a. 0.8

b. 1.9

c. 3

d. 15.1

Answer & Explanation Solved by verified expert
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