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

Question 49

Multiple Choice

Data from Dunshee Corporation's most recent balance sheet appear below: 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 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

Correct Answer:

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