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

question 33

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.
- This year current liabilities are $234,000.

• A)1.24; 0.60
• B)1.48; 0.88
• C)1.48; 0.56
• D)1.24; 0.88

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