Question

se the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,226 Accounts receivable 74,596 Accrued liabilities 6,107 Cash 16,106 Intangible assets 37,163 Inventory 77,040 Long-term investments 111,639 Long-term liabilities 77,178 Marketable securities 37,992 Notes payable (short-term) 27,180 Property, plant, and equipment 600,033 Prepaid expenses 1,755 Based on the data for Harding Company, what is the amount of quick assets

Answer 1

Based on the information given the amount of quick assets is $128,694.

Using this formula

Quick assets = Cash + Marketable securities  + Accounts receivable

Where:

Cash=$16,106

Marketable securities=$37,992

Accounts receivable=$74,596

Let plug in the formula

Quick assets =$16,106  + $37,992+ $74,596

Quick assets  = $128,694

Inconclusion the amount of quick assets is $128,694.

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