Answer Happy

Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $29,737 Accounts receivable 70,215 Accrued liabilities 6,197 Cash 15,051 Intangible assets 37,599 Inventory 72,360 Long-term investments 106,923 Long-term liabilities 78,755 Notes payable (short-term) 24,455 Property, plant, and equipment 627,363 Prepaid expenses 2,779 Temporary investments 32,506 Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)? Oa. 0.8 Ob. 3.2 Oc. 2 Od. 16

Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $547,954 Cost of merchandise sold during year 159,191 Accounts receivable, beginning of year 42,411 Accounts receivable, end of year 50,894 Merchandise inventory, beginning of year 35,378 Merchandise inventory, end of year 41,870 Oa. 14.2 Ob. 3.1 Oc. 18.3 Od 4.1

Use the information provided for Harding Company to answer the question that follow, Harding Company Accounts payable $39,461 Accounts receivable 68,159 Accrued liabilities 6,329 Cash 21,899 Intangible assets 42,663 Inventory 89,795 Long-term investments 93,801 Long-term liabilities 76,689 Notes payable (short-term) 26,265 Property, plant, and equipment 640,158 Prepaid expenses 2,461 Temporary Investments 37,897 Based on the data for Harding Company, what is the amount of quick assets? Oa. $59,796 Ob. 5127,955 Oc. $1,566,371 Od. $789,749