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

Question 145

Multiple Choice

Excerpts from Zorra Corporation's most recent balance sheet appear below: Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850. -The acid-test ratio at the end of Year 2 is closest to: A) 1.81 B) 2.62 C) 1.69 D) 1.36 Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850.
-The acid-test ratio at the end of Year 2 is closest to:


A) 1.81
B) 2.62
C) 1.69
D) 1.36

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