Please Refer to Table 4-2 for the Following Questions

question 143

Multiple Choice

Please refer to Table 4-2 for the following questions.
Table 4-2
Drummond Company
Balance Sheet

-Based on the information in Table 4-2,the acid-test ratio is

• A) 1.17.
• B) 1.33.
• C) 1.39.
• D) 2.15.

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State and Local Governments

Regional governmental bodies within a country that are responsible for the governance of their specific areas, handling regional laws and regulations.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

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A tax levied by the federal government on individuals' income, with rates varying based on income levels and filing status.

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