Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,515 and the cost of goods sold was $975.The current ratio at the end of Year 2 is closest to:
A) 1.70
B) 0.42
C) 0.85
D) 0.51

Question

Excerpts from Sydner Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,515 and the cost of goods sold was $975.The current ratio at the end of Year 2 is closest to:
A) 1.70 
B) 0.42 
C) 0.85 
D) 0.51

Quizplus · Accepted Answer

The Answer of Excerpts from Sydner Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,515 and the cost of goods sold was $975.The current ratio at the end of Year 2 is closest to:
A) 1.70 
B) 0.42 
C) 0.85 
D) 0.51

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