Data from Dunshee Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. The current ratio at the end of Year 2 is closest to:
A)0.38
B)2.17
C)0.94
D)0.40

Question

Data from Dunshee Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. The current ratio at the end of Year 2 is closest to:
A)0.38 
B)2.17 
C)0.94 
D)0.40

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 $1,170 and the cost of goods sold was $730. The current ratio at the end of Year 2 is closest to:
A)0.38 
B)2.17 
C)0.94 
D)0.40

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