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

question 145

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 acid-test ratio at the end of Year 2 is closest to:

• A)1.81
• B)2.62
• C)1.69
• D)1.36