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Using the Following Year-End Information for Calvin's Clothing, Inc

Question 155

Multiple Choice

Using the following year-end information for Calvin's Clothing, Inc., calculate the current ratio and acid-test ratio for the business: Using the following year-end information for Calvin's Clothing, Inc., calculate the current ratio and acid-test ratio for the business: A) 1.80 and 1 B) 1.97 and 1.52 C) 2.73 and 1.52 D) 3.50 and 0.90 E) 1.80 and 0.90


A) 1.80 and 1
B) 1.97 and 1.52
C) 2.73 and 1.52
D) 3.50 and 0.90
E) 1.80 and 0.90

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