Find the Current Ratio and the Acid-Test Ratio for the Indicated

question 21

Multiple Choice

Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
- Last year current liabilities were $197,000.

• A)1.46; 0.85
• B)1.46; 0.66
• C)1.25; 0.71
• D)1.25; 0.85

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