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

question 95

Multiple Choice

Excerpts from Shelton Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890.
-The current ratio at the end of Year 2 is closest to:

• A) 0.43
• B) 0.85
• C) 2.19
• D) 0.36

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