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soldi70 [24.7K]
3 years ago
12

se the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $36,681 Accoun

ts receivable 60,524 Accrued liabilities 6,727 Cash 24,556 Intangible assets 40,334 Inventory 71,626 Long-term investments 90,463 Long-term liabilities 79,713 Marketable securities 32,237 Notes payable (short-term) 25,302 Property, plant, and equipment 627,557 Prepaid expenses 2,404 Based on the data for Harding Company, what is the amount of quick assets
Business
1 answer:
S_A_V [24]3 years ago
4 0

Answer:

See below

Explanation:

With regards to the above,

Computation of quick assets is shown below

Quick assets = Account receivable + cash + marketable securities

= $60,524 + $24,556 + $32,237

= $117,317

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The cumulative preferred stock is the stock that accumulates dividends when the dividends are partially or not paid at all in a certain year. The dividends must be paid in the future.

The common stock holders are paid after the preferred stockholders are paid.

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Holly's is currently an all-equity firm that has 12,000 shares of stock outstanding at a market price of $36 a share. The firm h
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