Using the Following Year-End Information for Calvin's Clothing,calculate the Current

question 34

Multiple Choice

Using the following year-end information for Calvin's Clothing,calculate the current ratio and acid-test ratio for the business:

• A)1.80 and 1
• B)1.97 and 1.52
• C)2.73 and 1.52
• D)3.50 and 0.90
• E)1.80 and 0.90

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