Data from Dunshee Corporation's Most Recent Balance Sheet Appear Below

question 5

Multiple Choice

Data from Dunshee Corporation's most recent balance sheet appear below:
$\begin{array}{lrr}&\text { Year 2 } & \text { Year 1 } \\\text { Current assets: }\\\text { Cash}&\$ 130 & \$ 100 \\\text { Accounts receivable, net.}&270 & 290 \\\text {Inventory }&90 & 110 \\\text {Prepaid expenses }&10 & 10\\\text { Total current assets. }&\$500&\$510\\\text { Total current liabilities }&\$230&\$220\end{array}$ Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.
-The acid-test (quick) ratio at the end of Year 2 is closest to:

• A) 2.17
• B) 1.78
• C) 1.74
• D) 1.06

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Definitions:

Generations

Sequential stages in the familial lineage, where an individual's successors are considered a new generation.

Disruptive Selection

A special type of directional selection in which changes in the environment favor two or more variant phenotypes at the expense of the mean. Compare with stabilizing selection and directional selection.

Directional Selection

A mode of natural selection in which an extreme phenotype is favored over other phenotypes, causing the allele frequency to shift over time in the direction of that phenotype.

Trend

A general direction in which something is developing or changing; often used to describe patterns or tendencies in data.