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Use the information provided for Harding Company to answer the question that follow.
| Harding Company |
| Accounts payable | $33,760 |
| Accounts receivable | 73,584 |
| Accrued liabilities | 6,434 |
| Cash | 17,381 |
| Intangible assets | 41,298 |
| Inventory | 88,647 |
| Long-term investments | 110,591 |
| Long-term liabilities | 72,704 |
| Notes payable (short-term) | 20,598 |
| Property, plant, and equipment | 692,605 |
| Prepaid expenses | 2,765 |
| Temporary investments | 32,247 |
Based on the data for Harding Company, what is the amount of quick assets?
a. $830,880
b. $49,628
c. $123,212
d. $1,675,374
Answer & Explanation
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