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Excerpts from Sydner Corporation's Most Recent Balance Sheet Appear Below

Question 23

Multiple Choice

Excerpts from Sydner Corporation's most recent balance sheet appear below:
Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. -The current ratio at the end of Year 2 is closest to: A) 1.67 B) 0.32 C) 0.80 D) 0.41 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.
-The current ratio at the end of Year 2 is closest to:


A) 1.67
B) 0.32
C) 0.80
D) 0.41

Correct Answer:

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