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

---

Definitions:

Course Grade

The evaluation or assessment of a student's performance in a course, typically represented as a letter or number.

Min/Max Function

A mathematical function that identifies the minimum or maximum value within a particular set of data or input.

Same Income

A scenario in which two or more entities earn or receive an identical amount of money.

Same Prices

A condition where two or more goods or services are sold at identical price points.