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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Definitions:

Fundamental Attribution Error

A bias towards attributing others' actions more to their personal qualities than to the context they are in.

Dispositional Factors

Personality attributes or traits that influence an individual's behavior or attitudes in various situations.

Situational Constraints

External factors that limit or influence an individual's ability to perform or behave in a certain way.

Divided Nation

A term used to describe a country that is split due to significant differences in opinions, beliefs, or values among its population.