Hartzog Corporation's Most Recent Balance Sheet and Income Statement Appear

question 169

Multiple Choice

Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The acid-test ratio at the end of Year 2 is closest to:

• A)2.03
• B)1.47
• C)1.60
• D)1.33

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