Using the Following Balance Sheet and Income Statement Data, What

question 236

Multiple Choice

Using the following balance sheet and income statement data, what is the current ratio? Average common shares outstanding was 10,000.

• A) 0.78 : 1
• B) 3.33 : 1
• C) 0.57 : 1
• D) 1.75: 1

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Writing Board

A flat surface, often framed, on which one writes or attaches notices.

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