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

question 16

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 $234,000.

• A)1.19; 0.74
• B)1.36; 0.70
• C)1.36; 0.83
• D)1.19; 0.83

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