Question

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

Answer 1

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