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

question 278

Multiple Choice

Data from Dunshee Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. The acid-test 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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