Curry Had Current Liabilities of $1,000 at December 31, Year

question 4

Multiple Choice

$\begin{array}{l}\text { At December 31, Curry Co. had the following balances in selected asset accounts: }\\\begin{array}{|l|r|r|}\hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Cash } & \$ 300 & \$ 200 \\\hline \text { Accounts receivable, Net } & \$ 1200 & \$ 800 \\\hline \text { Inventory } & \$ 500 & \$ 300 \\\hline \text { Prepaid Expenses } & \$ 100 & \$ 60 \\\hline \text { Other Assets } & \$ 400 & \$ 250 \\\hline \text { Total Assets } & \$ 2500 & \$ 1610 \\\hline\end{array}\end{array}$
Curry had current liabilities of $1,000 at December 31, Year 2, and credit sales of $7,200 for Year 2.

-Curry Company's acid-test (quick) ratio at December 31,Year 2 was closest to which of the following?

• A) 1.5 to 1.
• B) 1.6 to 1.
• C) 2.0 to 1.
• D) 2.1 to 1.

---

Definitions:

Indwelling Urinary Catheter

A tube inserted into the bladder to allow continuous urine drainage, used for patients who cannot void naturally.

Difficulty Voiding

Describes a condition where an individual experiences trouble starting or maintaining urine flow.

Hourly Urine Output

The volume of urine produced and expelled by the kidneys and bladder over the span of an hour, an important indicator of kidney health and fluid balance.

Catheter With Sterile Solution

A medical device, often a tube, used to deliver or remove fluids from the body, which is used with a sterile solution to prevent infection.