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

question 112

Multiple Choice

Excerpts from Tigner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,230 and the cost of goods sold was $820.
-The acid-test ratio at the end of Year 2 is closest to:

• A)1.18
• B)1.55
• C)1.00
• D)0.96

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