Exhibit 6-2 Given the Following Information for the Green Company

question 82

Multiple Choice

Exhibit 6-2 Given the following information for the Green Company:
$\begin{array}{ll}\text { Net sales (all on account) } & \$ 5,200,000 \\\text { Interest expense } & 240,000 \\\text { Income tax expense } & 280,000 \\\text { Net income } & 420,000 \\\text { Income tax rate } & 40 \%\\\text { Total assets: }\\&\text { January } 1,2010 & \$ 1,800,000 \\&\text { December } 31,2010 & 2,400,000\\\text { Stockholders' equity: }\\&\text { January } 1,2010 & 1,500,000 \\&\text { December } 31,2010 & 1,600,000\\\text { Current assets, December } 31,2010 & 700,000 \\\text { Quick assets, December } 31,2010 & 400,000 \\\text { Current liabilities, December 31, 2010 } & 300,000\\\text { Net accounts receivable: }\\&\text { January } 1,2010 & 200,000 \\&\text { December } 31,2010 & 180,000\end{array}$
- Refer to Exhibit 6-2.Green's acid-test ratio at December 31, 2010, was

• A)3.67 times
• B)2.33 times
• C)1.33 times
• D)0.43 times

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Definitions:

"Rough Riders"

A volunteer cavalry regiment led by Theodore Roosevelt during the Spanish-American War, known for their diverse composition and dramatic role in the conflict.

Philippine Exhibit

A display or presentation showcasing aspects of Philippine culture, history, or achievements, potentially as part of a larger exhibition or fair.

St. Louis World's Fair

Also known as the Louisiana Purchase Exposition, it was an international exhibition held in 1904 in St. Louis, Missouri, to celebrate the centennial of the 1803 Louisiana Purchase.