Data from Dunshee Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,520 and the cost of goods sold was $940.The current ratio at the end of Year 2 is closest to:
A) 0.66
B) 2.09
C) 1.08
D) 0.68

Question

Data from Dunshee Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,520 and the cost of goods sold was $940.The current ratio at the end of Year 2 is closest to:
A) 0.66 
B) 2.09 
C) 1.08 
D) 0.68

Quizplus · Accepted Answer

The Answer of Data from Dunshee Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,520 and the cost of goods sold was $940.The current ratio at the end of Year 2 is closest to:
A) 0.66 
B) 2.09 
C) 1.08 
D) 0.68

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