Use the Information Below for Harding Company to Answer the Questions

question 165

Multiple Choice

Use the information below for Harding Company to answer the questions that follow.
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$\text { Harding Company }$
$\begin{array}{lr}\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 65,000 \\\text { Accrued liabilities } & 7,000 \\\text { Cash } & 30,000 \\\text { Intangible assets } & 40,000 \\\text { Inventory } & 72,000 \\\text { Long-term investments } & 110,000 \\\text { Long-term liabilities } & 75,000 \\\text { Marketable securities } & 36,000 \\\text { Notes payable (short-term) } & 30,000 \\\text { Property, plant, and equipment } & 625,000 \\\text { Prepaid expenses } & 2,000\end{array}$
-Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point?

• A) 2.7
• B) 2.6
• C) 1.7
• D) 0.9

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Definitions:

Demographics

Statistical data relating to the population and particular groups within it, often used for market research, policy making, and social studies.

Labour Market

The supply and demand for workers, in which employers seek to hire and workers seek to find employment.

Publications

Materials such as books, magazines, reports, or any kind of written documents that are made available to the public.

Delphi Analysis

A forecasting method involving a panel of experts who anonymously provide their opinions or predictions, which are compiled and shared with the panel to refine their responses.