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Lesmerises Corporation's Most Recent Balance Sheet and Income Statement Appear

Question 78

Multiple Choice

Lesmerises Corporation's most recent balance sheet and income statement appear below: Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share. -The acid-test ratio at the end of Year 2 is closest to: A) 1.76 B) 1.24 C) 1.05 D) 1.41 Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share. -The acid-test ratio at the end of Year 2 is closest to: A) 1.76 B) 1.24 C) 1.05 D) 1.41 Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share.
-The acid-test ratio at the end of Year 2 is closest to:


A) 1.76
B) 1.24
C) 1.05
D) 1.41

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