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At December 31, 20X2, Curry Co

Question 273

Multiple Choice

At December 31, 20X2, Curry Co. had the following balances in selected asset accounts: At December 31, 20X2, Curry Co. had the following balances in selected asset accounts: Curry also had current liabilities of $1,000 at December 31, 20X2, and net credit sales of $7,200 for the year then ended. What is Curry's acid-test ratio at December 31, 20X2? A) 1.5 B) 1.6 C) 2.0 D) 2.1 Curry also had current liabilities of $1,000 at December 31, 20X2, and net credit sales of $7,200 for the year then ended. What is Curry's acid-test ratio at December 31, 20X2?


A) 1.5
B) 1.6
C) 2.0
D) 2.1

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