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

question 204

Multiple Choice

Data from Gofman Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The current ratio at the end of Year 2 is closest to:

• A) 0.32
• B) 0.72
• C) 2.78
• D) 0.23

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Definitions:

Prostate Gland

A gland in the male reproductive system that produces fluid to nourish and transport sperm.

Urethra

The tube through which urine is discharged from the bladder to the exterior of the body in both sexes, and also conveys semen in males.

Penis

A male reproductive organ used for sexual intercourse and urination.

Corpus Albicans

A small, white scar tissue that forms in the ovary at the site of a ruptured follicle after ovulation.