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The Following Data Represent Selected Information from the Comparative Income

question 92

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The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31,2017 and 2016: The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31,2017 and 2016:   •10,000 shares of common shares have been issued and outstanding since the company was established.They had a market value of $90 per share on December 31,2016,and they were selling for $91.50 on December 31,2017. Refer to the table above.The acid-test ratio for Hot Rolled Corporation on December 31,2016,was: A)  0.67 B)  0.57 C)  1.26 D)  1.45 •10,000 shares of common shares have been issued and outstanding since the company was established.They had a market value of $90 per share on December 31,2016,and they were selling for $91.50 on December 31,2017.
Refer to the table above.The acid-test ratio for Hot Rolled Corporation on December 31,2016,was:

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