Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question.
-Refer to the data for Pinecrest Company.
Which of the following statements is true?
A) The current ratio increased from 2017 to 2018.
B) The acid-test ratio decreased from 2017 to 2018.
C) The amount of working capital decreased from 2017 to 2018.
D) Assuming extreme conditions do not exist,the company appears to be in a worse position to pay its current debts at the end of 2018 compared to 2017.
Correct Answer:
Verified
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