Data from Dunshee Corporation's Most Recent Balance Sheet Appear Below

question 260

Multiple Choice

Data from Dunshee Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,645 and the cost of goods sold was $1,015.The acid-test (quick) ratio at the end of Year 2 is closest to:

• A) 2.07
• B) 1.59
• C) 1.49
• D) 1.25

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