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

Question 267

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 $1,170 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 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

Correct Answer:

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