Use the Following to Answer Questions
Little Deer Industries

question 69

Multiple Choice

Use the following to answer questions
Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009:
$$\begin{array} { l l l } \text { Curent Assets } & \frac { 2010 } { 2009 } & \frac { 2025 } { \$ 465 } \\\text { Long-Tenn Arsets } & 885 & 585 \\\text { Curtert Liabilities } & 385 & 385 \\\text { Long-Term Liabilities } & 575 & 575 \\\text { Owners' Equity } & 575 & 265 \\\text { Net Sales } & 975 & 775 \\\text { Gross Margir } & 485 & 365 \\\text { Net Income } & 255 & 100\end{array}$$
-The current ratio at the end of 2010 was:

• A)1.76
• B)1.56
• C)1.45
• D)1.36

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