Excerpts from Zorra Corporation's Most Recent Balance Sheet Appear Below

question 9

Multiple Choice

Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850.
-The current ratio at the end of Year 2 is closest to:

• A)0.38
• B)2.62
• C)0.52
• D)0.74

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Definitions:

Product Variant

Different versions of a product that a company offers to meet diverse customer needs or preferences, such as size, color, or features.

Generic Competition

Competition between brands or products that are not differentiated by a patent or specific features, often based solely on price.

Product Variants

Different versions of a product that a company offers, differing in features, sizes, or other characteristics to satisfy various customer needs.

Product Attributes

The characteristics or features of a product, including quality, price, design, and brand name, which can influence consumers' buying decisions.