Data from Kooistra Corporation's Most Recent Balance Sheet Appear Below

question 118

Multiple Choice

Data from Kooistra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770.
-The current ratio at the end of Year 2 is closest to:

• A)0.96
• B)0.30
• C)0.31
• D)1.61

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Definitions:

Triage

The method of establishing the treatment priority for patients according to how severe their condition is.

Malignant

Refers to cells or tumors that are cancerous and have the potential to spread to other parts of the body.

Antitussive

A medication or treatment designed to suppress or relieve coughing.

Diaphoresis

Excessive sweating, often as a result of illness or stress.